PNB announces Q2 financial results

The Bank’s Gross Global Business surpassed ₹25 Lakh Crore and Return on Assets (RoA) for Quarter crossed 1% Mark.

Net Profit increased Y-o-Y by 145% to ₹4,303 Crore in Q2 FY’25 as against ₹1,756 Crore in Q2 FY’24. Return on Assets (RoA) improved to 1.02% in Q2 FY’25 from 0.46% in Q2 FY’24. Return on Equity (RoE) improved to 19.91% in Q2 FY’25 from 10.15% in Q2 FY’24. Net Interest Income (NII) increased to ₹10,517 Crore in Q2 FY’25 from ₹9,923 Crore in Q2 FY’24 showing an improvement of 5.99% on Y-o-Y basis. Global Net Interest Margin (NIM) stands at 2.99% in HY1FY’25 and 2.92% in Q2 FY’25. Operating Profit increased Y-o-Y by 10.25% to ₹6,853 Crore in Q2 FY’25 as against ₹6,216 Crore in Q2 FY’24.

GNPA ratio improved by 248 bps on Y-o-Y basis to 4.48% as on September’24 from 6.96% as on September’23. NNPA ratio improved by 101 bps on Y-o-Y basis to 0.46% as on September’24 from 1.47% as on September’23. Provision Coverage Ratio (including TWO) improved by 476 bps on Y-o-Y basis to 96.67% as on September’24 from 91.91% as on September’23. Provision Coverage Ratio (Excluding TWO) improved by 1018 bps on Y-o-Y basis to 90.18% as on September’24 from 80.00% as on September’23. Credit Cost improved by 123 bps on Y-o-Y basis to 0.08% in Q2 FY’25 from 1.31% in Q2 FY’24.

Global Business grew by 11.93% on Y-o-Y basis to ₹25,20,246 Crore as on September’24 from ₹22,51,631 Crore as on September’23. Global Deposits registered a growth of 11.33% on Y-o-Y basis to ₹14,58,342 Crore as on September’24 from ₹13,09,910 Crore as on September’23. Global Advances increased by 12.76% on Y-o-Y basis to ₹10,61,904 Crore as on September’24 from ₹9,41,721 Crore as on September’23. RAM Advances grew by 12.03% on Y-o-Y basis to ₹5,64,049 Crore as on September’24 from ₹5,03,489 Crore as on September’23. CD Ratio improved to 72.82% as on September’24 as against 71.89% in September’23.