With a net profit that increased 52% year over year (YoY) to Rs 4,567 crore from Rs 3,010 crore in Q4FY24, state-owned Punjab National Bank (PNB) announced a solid March quarter. Better asset quality and more interest revenue helped to sustain this strong growth.
Healthy rise in net interest income (NII) and non-interest income drove the 13.4% YoY increase in total income for Q4FY25, which came to Rs 36,705 crore. A consistent increase in lending activity was reflected in Net Interest Income (NII), which increased 4% YoY to Rs 10,757 crore. Additionally, non-interest income increased by 11% to Rs 4,716 crore.
On the operational front, PNB’s operating profit for Q4FY25 was Rs 6,776 crore, up 6% YoY, as the bank kept a check on operating expenses, which rose by only 6.1% YoY to Rs 8,697 crore.
PNB’s asset quality saw a marked improvement, with the gross non-performing assets (GNPA) ratio declining to 3.95% as of March 2025, compared to 5.73% a year ago. Net NPA (NNPA) also fell to 0.4% from 0.73%.
The bank’s provision coverage ratio (PCR), including technical write-offs, improved to 96.82%, up from 95.39% in the previous year.
For the full year FY25, PNB posted a net profit of Rs 16,630 crore, up 102% YoY. Total deposits grew 14.38% YoY to Rs 15.67 lakh crore, while global advances rose 13.56% to Rs 11.17 lakh crore.
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