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PNB’s Q2 Profit Surges Over Two-Fold to Rs 4,306 Crore 

Punjab National Bank's Q2 profit soared by 145%, reaching Rs 4,306 crore, driven by improved interest income, strong recoveries, and a sharp reduction in NPAs.
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Punjab National Bank (PNB) has reported a significant rise in net profit, reaching Rs 4,306 crore in the second quarter of FY25, more than doubling from Rs 1,756 crore in the same period last year. This growth, attributed to higher interest income and strong recoveries, marks a 145% increase in profit. Interest income for the quarter stood at Rs 29,875 crore, up from Rs 26,355 crore last year, while Net Interest Income (NII) rose by 5.99% to Rs 10,517 crore.

PNB’s Managing Director Atul Kumar Goel credited this surge to improved business performance, enhanced net interest income, and controlled slippages. He noted that the bank recovered Rs 4,000 crore in Q2, with a target of Rs 18,000 crore for FY25. Net Interest Margin (NIM) was 2.92% in Q2 and is projected to remain in the 2.9%-3% range for the fiscal.

Asset quality also improved, with gross NPAs dropping to 4.48% from 6.96% and net NPAs declining to 0.46% from 1.47% a year ago. Total income rose to Rs 34,447 crore, reflecting an 11.93% increase in global business, which reached Rs 25.2 lakh crore. PNB projects an 11-12% growth in credit and 9-10% growth in deposits for FY25.


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