Punjab National Bank i.e. PNB's standalone net profit in the July-September quarter increased by 145% year-on-year to ₹ 4,303 crore. It was ₹1,756 crore in the same quarter last year.
At the same time, the net profit of the bank has increased by 32.31% on quarterly basis. The bank's profit in the last quarter (Q1FY25) was Rs 3,252 crore. PNB has released the results of Q2FY25 i.e. the second quarter of the financial year 2024-25 on Monday (October 28).
Bank's total income increased by 17.23%
In the September quarter, the total income of the bank increased by 17.23% on an annual basis to Rs 34,447 crore, which was Rs 29,383 crore in the same quarter last year. At the same time, the bank's income has decreased by 8% on quarterly basis. In the last quarter it was Rs 32,166 crore.
Net interest income increased by 6%
Punjab PNB's net interest income (NII) grew 6% year-on-year (YoY) to Rs 10,517 crore in the September quarter. It was Rs 9,923 crore in the same quarter last year. At the same time, the net interest income of the bank has increased by 0.39% on quarterly basis. In the last quarter it was Rs 10,476 crore.
PNB shares gave 35.30% return in one year
PNB shares closed 3.40% higher at Rs 98.97 today. With this the market cap of the company has become Rs 1.13 lakh crore. The bank's shares have fallen 27.89% in the last six months. The bank's shares have risen 35.30% in one year.
Punjab National Bank has more than 12,250 branches in the country.
Punjab National Bank provides banking and financial services. The founders of the bank are Dayal Singh Majithia and Lala Lajpat Rai. 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 more than 13,000 ATMs in the country.
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