State-owned Punjab National Bank (PNB) announced that it achieved a 13% growth in loans, reaching Rs 10.64 lakh crore for the second quarter that ended in September. A year earlier, PNB had total loans (or advances) of Rs 9.41 lakh crore by September 30, 2023, according to its regulatory filing.
PNB also reported an 11.41% increase in total deposits, which rose to Rs 14.59 lakh crore compared to Rs 13.09 lakh crore at the same time last year. Overall, the bank’s total business grew by 12%, reaching Rs 25.23 lakh crore, up from Rs 22.51 lakh crore. More details about PNB Quarter 2 will be released soon. Click here to join our WhatsApp channel to stay updated.
In a separate report, private lender Yes Bank showed a 13% increase in its loans, totaling Rs 2.36 lakh crore for the quarter, compared to Rs 2.09 lakh crore a year ago. Yes Bank also saw its deposits grow by 18%, reaching Rs 2.77 lakh crore.
Yes Bank’s Liquidity Coverage Ratio (a measure of a bank’s ability to meet short-term obligations) stood at 131.9% at the end of the second quarter of this financial year.
