For FY25, the bank’s net profit surged 102% YoY to ₹16,630 crore.
Public sector Punjab National Bank Ltd. (PNB) for the fourth quarter ended March 31, 2025 reported net profit of ₹4,567 crore as against ₹3,010 crore a year ago, up 51.7%. Net Interest Income (NII) for the quarter increased marginally to ₹10,757 crore from ₹10,363 crore in the year ago period.
For FY25, the bank’s net profit surged 102% YoY to ₹16,630 crore. NII for FY25 was at ₹42,782 crore recording growth of 6.7% on YoY basis. Global Net Interest Margin (NIM) stood at 2.81% for Q4 FY’25 and 2.93% for FY’25.
Credit Cost improved by 60 bps on YoY to 0.21% in Q4 FY25 from 0.81% a year ago. The bank said its global business grew by 14.03% YoY to ₹26,83,260 crore as on March’25 from ₹23,53,038 crore as on March 24.
Global Deposits registered a growth of 14.38% YoY to ₹15,66,623 crore as on March 25 from ₹13,69,713 crore a year ago.
Global Advances increased by 13.56% YoY to ₹11,16,637 crore as on March’25 from ₹9,83,325 crore in the year ago period.
Total Retail credit increased by 16.5% YoY to ₹2,59,363 crore. Housing loans grew by 18.3% YoY to ₹1,16,312 crore, vehicle loans posted a growth of 25.5% YoY to reach ₹26,056 crore.
Agriculture Advances grew by 14.2% YoY to ₹1,80,625 crore. MSME Advances increased 16.8% YoY to ₹1,62,693 crore.
Gross Non-Performing Assets (GNPA) declined by ₹12,261 crore to ₹44,082 crore as on March’25 from ₹56,343 crore as on March 24. Net Non-Performing Assets (NNPA) declined by ₹2,508 crore to ₹4,291 crore as on March 25 from ₹6,799 crore as on March 24.
Published – May 07, 2025 10:11 pm IST
Source: https://www.thehindu.com/business/pnb-q4-net-profit-surges-52-to-4567-crore/article69549812.ece
