Punjab National Bank (PNB) reported a robust set of Q2 results for FY25, with net profit skyrocketing to ₹4,303.5 crore, a sharp increase from ₹1,756 crore in the same period last year.
The bank’s net interest income (NII) grew by 6%, reaching ₹10,517 crore compared to ₹9,923 crore year-on-year, reflecting healthy momentum in core lending.
PNB showed significant improvement in asset quality, with gross non-performing assets (NPA) declining to 4.48%, down from 4.98% in the previous quarter.
Similarly, net NPA fell to 0.46%, compared to 0.60% in the prior quarter, underscoring the bank’s efforts to strengthen its balance sheet and manage credit risk effectively.
The bank’s shares reacted positively to the earnings release, trading above ₹100 on the BSE, up nearly 5% from the previous close, as investors responded to the marked improvement in profit and asset quality.
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