'Punjab National Bank has reported 48% dip in net profit at Rs 1675.00 crore for the quarter ended June 2025 (Q1FY2026). The bank has shifted to new lower corporate tax regime, which led to one-time additional tax provisions of Rs 3324.24 crore relating to Deferred Tax Assets (DTA). This one-time tax provisions has mainly caused 48% decline in the net profit for the bank for Q1FY2026.
The bank has posted 1% growth in net interest income (NII), while the core fee income of the bank improved 8% in Q1FY2026. The Net Interest Margin (NIM) of the bank declined to 2.70% in Q1FY2026 compared to 3.07% in the corresponding quarter of previous year.
On business front, the bank as has posted 12% growth in business with 10% rise in loan book. The asset quality of the bank has continued to improve in Q1FY2026. Bank has reduced the credit to deposit ratio to 71.1% at end June 2025 from 73.0% at end June 2024. CASA ratio of the bank has declined to 35.8% at end June 2025 from 39.0% at end...
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