Jammu Tawi: Punjab National Bank, nation’s leading public sector bank, announced their financial results for the quarter ended 30th June 2024.
Net Profit increased Y-o-Y by 159% to ₹3,252 Crore in Q1 FY’25 as against ₹1,255 Crore in Q1 FY’24. Return on Assets (RoA) improved to 0.82% in Q1 FY’25 from 0.34% in Q1 FY’24. Return on Equity (RoE) improved to 16.82% in Q1 FY’25 from 7.50% in Q1 FY’24. Net Interest Income (NII) increased to ₹10,476 Crore in Q1 FY’25 from ₹9,504 Crore in Q1 FY’24 showing an improvement of 10.23% on Y-o-Y basis. Global Net Interest Margin stands at 3.07% in Q1 FY’25. Operating Profit increased Y-o-Y by 10.27% to ₹6,581 Crore in Q1 FY’25 as against ₹5,968 Crore in Q1 FY’24. GNPA ratio improved by 275 bps on Y-o-Y basis to 4.98% as on June’24 from 7.73% as on June’23. NNPA ratio improved by 138 bps on Y-o-Y basis to 0.60% as on June’24 from 1.98% as on June’23. Provision Coverage Ratio (including TWO) improved by 607 bps on Y-o-Y basis to 95.90% as on June’24 from 89.83% as on June’23. Provision Coverage Ratio (Excluding TWO) improved by 1259 bps on Y-o-Y basis to 88.43% as on June’24 from 75.84% as on June’23. Slippage ratio improved by 43 bps on Y-o-Y basis to 0.76% as on June’24 from 1.19% as on June’23. Credit Cost improved by 167 bps on Y-o-Y basis to 0.32% in Q1 FY’25 from 1.99% in Q1 FY’24. Global Business grew by 10.03% on Y-o-Y basis to ₹24,36,929 Crore as on June’24 from ₹22,14,741 Crore as on June’23. Global Deposits registered a growth of 8.50% on Y-o-Y basis to ₹14,08,247 Crore as on June’24 from ₹12,97,905 Crore as on June’23. Global Advances increased by 12.20% on Y-o-Y basis to ₹10,28,682 Crore as on June’24 from ₹9,16,836 Crore as on June’23. CD Ratio improved to 73.05% as on June’24 as against 71.79% in March’24 & 70.64% in June’23.
