Punjab National Bank i.e. PNB's standalone net profit rose 145% year-on-year to ₹4,303 crore in the July-September quarter. It was ₹1,756 crore in the same quarter last year.
At the same time, the bank's net profit increased by 32.31% on a quarterly basis. The bank's profit in the last quarter (Q1FY25) was Rs 3,252 crore. PNB on Monday (October 28) announced the results for the second quarter of Q2FY25 i.e. the financial year 2024-25.
The total income of the bank increased by 17.23% The bank's total income rose 17.23% year-on-year to Rs 34,447 crore in the September quarter from Rs 29,383 crore in the same quarter last year. At the same time, the bank's revenue fell by 8% on a quarterly basis. In the last quarter it was Rs. 32,166 crores.
Net interest income rose 6% Punjab PNB's net interest income (NII) rose 6% year-on-year in the September quarter to Rs. 10,517 crores. In the same quarter last year it was Rs. 9,923 crores. At the same time, the bank's net interest income grew by 0.39% quarter-on-quarter. In the last quarter it was Rs. 10,476 crores.
PNB stock returned 35.30% in one year Shares of PNB rose 3.40% today to Rs. closed at 98.97. With this, the market cap of the company has increased to 1.13 lakh crore rupees. The bank's shares have declined by 27.89% in the last six months. Shares of the bank have gained 35.30% in one year.
More than 12,250 branches of Punjab National Bank in the country Punjab National Bank provides banking and financial services. Bank founder Dayal Singh Majithia and Lala are embarrassed. This bank was established in 1894. Its head quarter is in Delhi.
The Managing Director and Chief Executive Officer (CEO) of the bank is Atul Kumar Goyal. Punjab National Bank has more than 12,250 branches and 13,000 ATMs in the country.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
