Punjab National Bank

On quarter on quarter (QoQ) basis, the domestic deposits rose 2.4% as on 31st March 2025 from Rs 14,74,760 crore as of 31st December 2024. The bank's domestic advances stood at Rs 10,66,818 crore as on 31st March 2025, up 13.2% YoY and up 0.6% QoQ. The banks' global advances increased 13.6% to Rs 11,17,407 crore as of 31st March 2025 as against Rs 9,83,325 crore as of 31st March 2024 and up 0.6% from Rs 11,10,292 crore as of 31st December 2024. As on 31st March 2025, the bank's global deposits was Rs 15,65,744 crore (up 14.3% YoY and up 2.4% QoQ). The bank's global business stood at Rs 26,83,151 crore as of 31 March 2025, recording a growth of 14% YoY and 1.6% QoQ. Global credit-deposit ratio declined to 71.37% as on 31st March 2025 as against 71.79% recorded as on 31st March 2024. Punjab National Bank is engaged in treasury operations, corporate/wholesale banking, retail banking, digital banking, and others. As of 31st December 2024, the Government of India held a 70.08% stake in the bank. The public lender's standalone net profit surged 102.82% to Rs 4,508.21 crore in Q3 FY25 as against Rs 2,222.81 crore reported in Q3 FY24. Total income grew by 15.99% year on year (YoY) to Rs 34,751.70 crore in the quarter ended 31 December 2024. The counter shed 0.27% to Rs 97.08 on the BSE.Powered by Capital Market - Live

Fitch Ratings has affirmed Punjab National Bank's (PNB) Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable. Fitch has also upgraded the bank's Viability Rating (VR) to 'bb-' from 'b+', and affirmed the Government Support Rating (GSR) of 'bbb-'. Powered by Capital Market - Live

Punjab National Bank dropped for a fifth straight session today. The stock is quoting at Rs 87.74, down 4.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.Punjab National Bank has eased around 10.26% in last one month.Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has eased around 2.1% in last one month and is currently quoting at 48743.8, down 1.25% on the day. The volume in the stock stood at 242.76 lakh shares today, compared to the daily average of 238.12 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 88.1, down 4.56% on the day. Punjab National Bank tumbled 27.99% in last one year as compared to a 0.67% rally in NIFTY and a 4.37% spurt in the Nifty Bank index.The PE of the stock is 7.01 based on TTM earnings ending December 24.Powered by Capital Market - Live

The bank stated in an exchange filing, A borrowal fraud of Rs 270.57 crore has been reported to RBI in the NPA account of Gupta Power Infrastructure at the Bhubaneshwar branch office (BO), station square, circle office (CO), and zonal office (ZO) in Bhubaneshwar. The bank has already made provisions of Rs 270.57 crore, as per prescribed prudential norms. Punjab National Bank is engaged in Treasury operations, corporate/wholesale banking, retail banking, digital banking, and others. As on 31 December 2024, the bank has 10,168 domestic branches and 2 international branches. Out of the total number of branches, the bank has 63.3% branches in rural & semi-urban areas. The public lender's standalone net profit surged 102.82% to Rs 4,508.21 crore in Q3 FY25 as against Rs 2,222.81 crore reported in Q3 FY24. Total income grew by 15.99% year on year (YoY) to Rs 34,751.70 crore in the quarter ended 31 December 2024. Shares of Punjab National Bank rose 1.03% to end at Rs 92.80 on the BSE.Powered by Capital Market - Live

Punjab National Bank announced that a borrowal fraud of Rs. 270.57 crore has been reported to Reserve Bank of India in NPA account of Gupta Power Infrastructure at BO: Bhubaneshwar, Station Square, CO: Bhubaneshwar, ZO: Bhubaneshwar. The Bank has already made provisions amounting to Rs. 270.57 crore, as per prescribed prudential norms.Powered by Capital Market - Live

Net profit of Punjab National Bank rose 97.35% to Rs 4801.00 crore in the quarter ended December 2024 as against Rs 2432.77 crore during the previous quarter ended December 2023. Total Operating Income rose 14.52% to Rs 31894.80 crore in the quarter ended December 2024 as against Rs 27851.71 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income31894.8027851.71 15 OPM %76.5066.07 - PBDT7055.043634.36 94 PBT7055.043634.36 94 NP4801.002432.77 97 Powered by Capital Market - Live

Total income grew by 15.99% year on year (YoY) to Rs 34,751.70 crore in the quarter ended 31 December 2024. Operating profit stood at Rs 6,620.55 crore during the December 2024 quarter, registering a growth of 4.58% on YoY basis. For Q3 FY25, net interest income (NII) was at Rs 11,032 crore, up 7.2% YoY while global net interest margin (NIM) reduced to 2.93% as on 31 December 2024 as compared to 3.15% as of 31 December 2023. On asset quality front, the bank's gross non-performing assets (GNPA) stood at 45,413.98 crore as on 31 December 2024 as against Rs 60,371.38 crore as on 31 December 2023. Gross NPA declined to 4.09% as of 31 December 2024 as against 6.24% as on 31 December 2023. Net NPA reduced to 0.41% as on 31 December 2024 as compared to 0.96% as on 31 December 2023. Provision coverage ratio improved to 96.77% as on December 2024 as against 94.28% as on December 2023. CRAR stood at 15.41% as on December 2024 against 14.63% as on December 2023. Tier-I Capital was at 12.53% (CET-1 remained at 10.65% as on Dec'24 against 9.86% as on Dec'23 and AT-1 remained at 1.88% as on Dec'24 against 1.87% as on Dec'23) and Tier-II at 2.88% as on December 2024. Return on assets (ROA) & return on equity (ROE) of the bank for the quarter improved to 1.03% and 19.22% respectively. Domestic advances grew by 14% YoY to Rs 10,60,205 crore as on 31 December 2024 as against Rs 9,30,343 crore as on 31 Decembe 2023. Domestic deposits stood at Rs 14,74,760 crore as on 31 December 2024, up by 14.4% YoY. As on 31 March 2024, CASA deposits rose 2.7% YoY to Rs 5,62,156 crore while CASA share declined to 38.12% as on 31 December 2024 as compared to 42.47% as on 31 December 2023. Punjab National Bank is engaged in treasury operations, corporate/wholesale banking, retail banking, digital banking, others. As on 31 December 2024, the bank has 10,168 domestic branches and 2 international branches. Out of total no. of branches, the bank has 63.3% branches in rural & semi-urban areas. Powered by Capital Market - Live

Punjab National Bank will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

On quarter on quarter (QoQ) basis, the domestic deposits rose 4.2% in the December 2024 quarter from Rs 14,16,389 crore as of the September 2024 quarter. The bank's domestic advances stood at Rs 10,61,852 crore in Q3 FY25, up 14.1% YoY and up 5% QoQ. The banks' global advances increased 15% to Rs 11,11,940 crore as of December 2024 as against Rs 9,67,256 crore as of December 2023 and up 4.7% from Rs 10,61,904 crore as of September 2024. As on 31 December 2024, the bank's global deposits was Rs 15,30,401 crore (up 15.6% YoY and up 4.9% QoQ). The bank's global business stood at Rs 26,42,341 crore as of 31 December 2024, recording a growth of 15.3% YoY and 4.8% QoQ. Global credit-deposit ratio declined to 72.66% in Q3 FY25 as against 73.08% recorded in Q3 FY24. Punjab National Bank is engaged in Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Digital Banking, and others. As of 30 September 2023, the Government of India held a 73.15% stake in the bank. The public lender's standalone net profit soared 145.1% to Rs 4,303.46 crore on a 17.2% rise in total income to Rs 34,447.10 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Punjab National Bank announced the cessation of Atul Kumar Goel as the Managing Director & Chief Executive Officer of the Bank w.e.f. 01 January 2025 on his superannuation on 31 December 2024.Powered by Capital Market - Live