Punjab national bank reports 52% rise in net profit for march quarter fy25

Punjab National Bank (PNB), a state-owned lender in India, announced a 52% increase in net profit for the March quarter of FY25. The bank's net profit reached ₹4,567 crore, compared to ₹3,010 crore in the same period last year. This significant growth reflects improved financial performance and asset quality. PNB's total income for the quarter rose to ₹36,705 crore, up from ₹32,361 crore year-on-year. Interest income also saw an increase, climbing to ₹31,989 crore from ₹28,113 crore in the previous financial year's fourth quarter. These figures indicate a strong revenue stream driven by core banking activities. The bank's asset quality showed improvement, with gross Non-Performing Assets (NPAs) decreasing to 3.95% of gross advances from 5.73% in March 2024. Net NPAs also fell to 0.40% from 0.73%. The board has recommended a dividend of ₹2.90 per equity share for 2024-25, subject to shareholder approval.