Punjab National Bank (PNB) posted a more than twofold increase in its net profit, reaching Rs 4,508 crore for the October-December 2024 quarter (Q3 FY25), compared to Rs 2,223 crore in the same period last year.
The bank’s total income grew to Rs 34,752 crore, up from Rs 29,962 crore, while interest income rose to Rs 31,340 crore from Rs 27,288 crore, as per a regulatory filing.
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Improvement in Asset Quality
PNB’s asset quality showed significant improvement:
- Gross non-performing assets (NPA) ratio fell to 4.09%, compared to 6.24% a year ago.
- Net NPA ratio declined to 0.41%, down from 0.96% in the same quarter last fiscal.
As a result, provisions for bad loans dropped sharply to Rs 318 crore, down from Rs 2,994 crore a year earlier, reflecting better risk management and asset recovery.
PNB’s robust performance underscores stronger profitability, improved asset quality, and enhanced financial stability.
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