PNB's global advances rise 15.0% YoY as of Dec 31, global deposits up 15.6%
This story was originally published at 14:09 IST on 2 January 2025
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--PNB: Global advances INR 11.12 tln as on Dec 31, up 15% on year
--PNB: Domestic advances INR 10.62 tln as on Dec 31, up 14% on year
--PNB: Global deposits INR 15.30 tln as on Dec 31, up 15.6% on year
--PNB: Domestic deposits INR 14.75 tln as on Dec 31, up 14.4% on year
--PNB: Global credit-deposit ratio at 72.66% as on Dec 31
NEW DELHI – Punjab National Bank's global advances rose 15.0% on year and 4.7% on quarter to INR 11.12 trillion as of Dec. 31, according to provisional figures reported by the bank on Thursday. Domestic advances of the bank were up 14.1% on year and 5.0% on quarter at INR 10.62 trillion as of Dec. 31, the bank said in an exchange filing.
Global deposits increased 15.6% on year to INR 15.30 trillion as of Dec. 31, while domestic deposits rose 14.4% on year to INR 14.75 trillion. Sequentially, global deposits were up 4.9% and domestic deposits rose 4.2%.
The state-owned bank's global business increased 15.3% on year to INR 26.42 trillion, while domestic business was up 14.3% at INR 25.37 trillion. The global credit-deposit ratio of the bank fell to 72.66% as of Dec. 31 from 72.82% a quarter ago and 73.08% a year ago.
The bank had reported a 145.1% on-year surge in its net profit for the quarter ended September to INR 43.03 billion due to a slump in provisions. At 1355 IST, shares of the bank were up 1.9% at INR 104.62 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shubham Rana
Edited by Tanima Banerjee
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