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28-Jul-2024

Punjab National Bank

Profit jumps as credit cost dips, asset quality improves

'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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  • Results-Analysis   (29-Oct-2024)

    Punjab National Bank

    Sustains improvement in asset quality, low credit cost boost bottomline

  • Analyst Meet / AGM-Conference Call   (29-Oct-2024)

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    Reduces credit cost guidance to 0.25-0.30%, raise RoA guidance to 0.9-1.0% for FY2025

  • Analyst Meet / AGM-Conference Call   (28-Jul-2024)

    Punjab National Bank

    Cuts guidance of GNPA to 4% and credit cost to 0.5% for FY2025

  • Results-Analysis   (28-Jul-2024)

    Punjab National Bank

    Profit jumps as credit cost dips, asset quality improves