Punjab National Bank Share Price – NSE /  BSE

Banks, Mid Cap

Net profit of Punjab National Bank rose 136.87% to Rs 4714.14 crore in the quarter ended September 2024 as against Rs 1990.18 crore during the previous quarter ended September 2023. Total Operating Income rose 13.37% to Rs 30447.42 crore in the quarter ended September 2024 as against Rs 26857.70 crore during the previous quarter ended September 2023.

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Punjab National Bank will hold a meeting of the Board of Directors of the Company on 28 October 2024.

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On quarter on quarter (QoQ) basis, the deposits rose 3.47% in the September quarter from Rs 13,69,916 crore as of June 2024 quarter.

The bank's domestic advances stood at Rs 10,12,169 crore in Q2 FY25, up 11.84% year on year (YoY) and up 2.82% quarter on quarter (QoQ).

The banks’ global advances increased 13.03% to Rs 10,64,411 crore as of 30 September 2024 as against Rs 9,41,721 crore as of 30 September 2023 and up 3.47% from Rs 10,28,682 crore as of 30 June 2024.

As on 30 September 2024, the bank’s global deposits was Rs 14,59,386 crore (up 11.41% YoY and up 3.63% QoQ).

The bank's global business stood at Rs 25,23,797 crore as of 30 September 2024, recording a growth 12.09% YoY and 3.56% QoQ.

Credit-deposit ratio increased to 72.94% in Q2 FY25 as against 71.89% recorded in Q2 FY24.

Punjab National Bank is engaged in Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Digital Banking, Others. As on 30 September 2023, Government of India held 73.15% stake in the bank.

The public lender reported standalone net profit of Rs 3,251.53 crore in Q1 FY25 steeply higher than Rs 1,255.41 crore reported in Q1 FY24. Total income grew by 12.5% year on year (YoY) to Rs 32,165.95 crore in the quarter ended 30 June 2024.

Shares of Punjab National Bank rose 0.52% to Rs 105.70 on the BSE.

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Punjab National Bank has approved the allotment of 48, 19,27,710 Equity Shares to eligible Qualified Institutional Buyers at an Issue Price of Rs. 103.75 per Equity Share, aggregating to Rs.499.99 Crore.

Pursuant to the allotment of equity shares in the QIP, the Paid - Up Equity Share capital of the Bank stands increased from Rs 2202.20 Crore comprising of 1101,10, 15,558 Equity Shares to Rs 2298.59 Crore comprising of 11,49,29,43,268 Equity Shares.

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