'Punjab National Bank has
posted robust 159% surge in the net profit at Rs 3251.53 crore for the quarter
ended June 2024 (Q1FY2025). The bank has posted healthy 10% growth in net
interest income (NII), while the core fee income of the bank also improved 16%
in Q1FY2025. The Net Interest Margin (NIM) of the bank was steady at 3.07% in
Q1FY2025 compared to 3.08% in the corresponding quarter of previous year.
On business front, the
bank as has posted 10% growth in business with strong 12% surge in loan book.
The asset quality of the bank has further improved in Q1FY2025. Bank has raised
the credit to deposit ratio to 73.0% at end June 2024 from 70.6% at end June
2023. CASA ratio of the bank has declined to 39.0% at end June 2024 from 40.9%
at end June 2023.
Asset quality improves: The bank has improved further in Q1FY2025.
The fresh slippages of
loans stood at Rs 1755 crore in Q1FY2025 compared with 2206 ...
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(18-Nov-2024)
Bharat Forge
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