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Hot Pursuit News

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(05 Jul 2024, 10:13)

PNB records 8% YoY growth in domestic deposits in Q1 FY25

Punjab National Bank (PNB) said that its domestic deposits increased 8.12% to Rs 13,69,954 crore in Q1 FY25 as compared with Rs 12,67,002 crore in Q1 FY24.


On quarter on quarter (QoQ) basis, the deposits rose 2.7% in the June quarter from Rs 13,33,365 crore as of March 2024 quarter.

The bank's domestic advances stood at Rs 9,89,253 crore in Q1 FY25, up 12.1% year on year (YoY) and up 5% quarter on quarter (QoQ).

The banks’ global advances increased 12.7% to Rs 10,33,600 crore as of 30 June 2024 as against Rs 9,16,836 crore as of 30 June 2023 and from Rs 9,83,325 crore as of 31 March 2024.

As on 30 June 2024, the bank’s global deposits was Rs 14,08,282 crore (up 8.5% YoY and up 2.8% QoQ).

The bank's global business stood at Rs 24,41,882 crore as of 30 June 2024, recording a growth 10.3% year on year (YoY) and 3.8% from Rs 23,53,038 crore as of 31 March 2024.

Credit-deposit ratio increased to 73.39% in Q1 FY25 as against 70....

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