New Launch28 Oct 2024, 08:23 pm
Punjab National Bank Surpasses ₹25 Lakh Crore in Gross Global Business with 145% Y-o-Y Net Profit Increase
AI Summary
Punjab National Bank has announced its financial results for Q2 FY'25, revealing a significant increase in its Gross Global Business, Net Profit, and other key financial indicators. The bank's business surpassed ₹25 Lakh Crore, marking a Y-o-Y growth of 11.93%. The Net Profit increased by 145% to ₹4,303 Crore, and the Return on Assets (RoA) improved to 1.02%. The bank also witnessed growth in its Net Interest Income, Global Net Interest Margin, Operating Profit, and other areas.
Key Highlights
- Gross Global Business surpassed ₹25 Lakh Crore
- Net Profit increased Y-o-Y by 145% to ₹4,303 Crore
- Return on Assets (RoA) improved to 1.02%
- Global Net Interest Margin stands at 2.99% in HY1FY’25
- Operating Profit increased Y-o-Y by 10.25% to ₹26,853 Crore