INFO:

Punjab National Bank (PNB) impressed with its Q2 earnings, surpassing analyst expectations due to lower provisioning and improved asset quality. The state-owned bank reported a remarkable 145% rise in net profit, reaching ₹4,303.50 crore, compared to ₹1,756 crore year-over-year. PNB also saw a 5.99% increase in net interest income (NII), totaling ₹10,517 crore, and gross NPAs dropped from 4.98% to 4.48% quarter-over-quarter. In light of this performance, PNB has raised its return on asset (RoA) guidance to around 0.9-1% for FY25. Don’t miss the conversation with Atul Kumar Goel, MD & CEO of PNB, as he discusses Q2 results and growth strategies ahead.