India News Get -BusinessPNB: Second quarter profit rose 145% to ₹4,303 crore, net interest income rose 6%
Punjab National Bank i.e. PNB standalone net profit in the July-September quarter grew 145% year-on-year to ₹4,303 crore. It stood at ₹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. The PNB published the results for the second quarter of the 2025 financial year on Monday, October 28, i.e. the second quarter of the 2024-25 financial year.
The bank’s total income increased by 17.23%
During the September quarter, the bank’s total income grew 17.23 per cent on a year-on-year basis to Rs 34,447 crore, compared to Rs 29,383 crore in the same quarter last year. At the same time, the bank’s revenues declined by 8% on a 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) increased 6 per cent year-on-year (y-o-y) 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 bank’s net interest income increased by 0.39% on a quarterly basis. In the last quarter, it was Rs 10,476 crore.
PNB shares gave a return of 35.30% in a year
PNB shares closed 3.40% higher at Rs 98.97 today. With this, the market capitalization of the company became Rs 1.13 lakh crore. The bank’s shares have fallen 27.89% over the past six months. The bank’s shares increased by 35.30% in one year.
Punjab National Bank has over 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 office is in Delhi.
The Managing Director and Chief Executive Officer (CEO) of the bank is Atul Kumar Goyal. Punjab National Bank has over 12,250 branches and 13,000 ATMs in the country.