'Punjab National Bank conducted a conference call on 27 July 2024 to discuss
its financial results for the quarter ended June 2024. Atul Kumar Goel, MD&CEO
of the bank addressed the call:
Highlights:
The bank has posted all-round performance in the quarter
ended June 2023, while crossing the business volume of Rs 24.39 lakh crore with
growth of 10% end June 2024.
During the quarter ended June 2024, the bank has recorded
record high net interest income, operating profit and net profit.
The deposits have increased 8.5% to Rs 14.08 lakh crore,
while advances have increased 12% yoy and 4.6% qoq to Rs 10.3 lakh crore end
June 2024.
The share of retail, agriculture and MSME loan book has
increased to 55.5% end June 2024 from 55.2% a quarter ago and 54.7% a year ago.
The bank has exhibited a sharp decline in the credit cost to
0.33% in Q1FY2025 from 0.81% in the previous quarter and 1.99% in the
corresponding q...
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