In the latest business update released on April 5, Punjab National Bank (PNB) announced impressive growth figures for the January-March quarter of FY24. The bank reported a 7% year-on-year increase in total deposits, reaching a whopping ₹13.7 lakh crore. This marks a significant jump from the ₹12.82 lakh crore recorded during the same period in the previous year. Moreover, PNB also witnessed a 3.5% quarter-on-quarter growth in total deposits, further cementing its strong financial performance.
Additionally, PNB saw a 2.6% year-on-year rise in current account savings account (CASA) deposits, with a 0.8% sequential increase for the quarter. The CASA deposits, amounting to ₹5.5 lakh crore, serve as a cost-effective source of funds for the bank.
Overall, PNB experienced a remarkable 8.8% year-on-year surge in total business, as it reached a staggering ₹23.56 lakh crore. These impressive figures reflect the bank’s strong position in the market and its ability to attract substantial deposits. PNB’s continued growth demonstrates its commitment to providing reliable and efficient banking services to its customers.
PNB Mcap
As of April 2024 Punjab National Bank has a market cap of $18.05 Billion. This makes Punjab National Bank the world’s 1023th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure how much a company is worth.
PNB Last 5 years Mcap
| Year | Market cap |
|---|---|
| 2024 | $18.05 B |
| 2023 | $12.69 B |
| 2022 | $7.51 B |
| 2021 | $5.51 B |
| 2020 | $4.73 B |
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