Punjab National Bank — Investor Meet, 02-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Punjab National Bank (PNB) reported strong financial results for Q2 FY2025, with a 12.8% year-over-year increase in gross advances and a 11.3% rise in gross deposits. Net profit surged by 145% to ₹4,303 crores. The gross NPA ratio improved to 4.48%, and credit costs were reduced to 0.08%. The bank aims for 11-12% credit growth, targeted improvements in asset quality, and enhancing current and savings accounts through new initiatives.