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Punjab National Bank conducted a conference call on 09 May 2024 to discuss its financial results for the quarter ended March 2024. Atul Kumar Goel, MD of the company addressed the call:
Highlights:
The bank has witnessed one of the best quarters in Q4FY2024. The performance of the bank is in line with the guidance shared earlier.
The bank has recorded 9% growth in the business to Rs 23.53 lakh crore. Deposits have increased by 7% to Rs 13.69 lakh, while advances have increased by 11% to Rs 9.83 lakh crore end March 2024.
CD ratio stood at 71.79% end March 2024.
Casa deposits increased by 3% to Rs 5.52 lakh crore end March 2024.
Casa deposits ratio stood at 41.44% while the bank aims to raise the Casa deposit ratio to 42% by March 2025.
The share of retail, agriculture and MSME (RAM) Loan book s...
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