'Punjab National Bank conducted a conference call 31 January 2025 to discuss the financial results for the quarter ended December 2024. Ashok Chandra, MD&CEO of the bank addressed the call:
Highlights:
Global gross business of the bank has increased 15.2% to Rs 26.40 lakh crore end December 2024 with global deposits rising 15.6% to Rs 15.30 lakh crore and global advances up 14.8% to Rs 11.10 lakh crore.
The CD ratio of the bank is comfortable at 72.58% end December 2024 against 73.08% end December 2023.
The CASA share is 38.12% end December 2024.
The domestic NIM is 3.12% for 9MFY2025 whereas global NIM stood at 2.97%.
Return on assets stood at 1.03% for Q3FY25 and 0.96% for 9MFY2025 in line with the guidance of FY25.
Return on equity is 19.22% for Q3FY25 and 18.87% for 9MFY2025.
GNPA has reduced from 6.24% in December 2023 to 4.09% in December 2024. Similarly, the net NPA ratio, which was 0...
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