Punjab National Bank (PNB) on Tuesday reported a 52% year-on-year (YoY) jump in standalone net profit to ₹4,567 crore for the quarter ended March 2025, compared to ₹3,010 crore in the same quarter last year. The performance was aided by stable interest income, strong fee income growth, and improved asset quality.
The bank’s Net Interest Income (NII) stood at ₹10,757 crore, registering a 3.8% rise from ₹10,363 crore in the year-ago period. Other income for the quarter came in at ₹4,716 crore, up from ₹4,248 crore YoY.
On the asset quality front, PNB made notable progress. Gross NPA ratio improved to 3.85%, down from 4.09% in the previous quarter, while Net NPA stood at 0.40%, compared to 0.41% sequentially.
In a key development, the bank’s board also approved a proposal to raise up to ₹8,000 crore via the issuance of Basel III compliant Additional Tier 1 (AT-1) or Tier 2 bonds in one or more tranches. The move aims to bolster the lender’s capital adequacy and support future growth.
Key highlights:
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Net Profit: ₹4,567 crore vs ₹3,010 crore (⬆️ 52% YoY)
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Net Interest Income (NII): ₹10,757 crore vs ₹10,363 crore (⬆️ 3.8% YoY)
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Other Income: ₹4,716 crore vs ₹4,248 crore (⬆️ YoY)
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Gross NPA: 3.85% vs 4.09% (⬇️ QoQ)
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Net NPA: 0.40% vs 0.41% (⬇️ QoQ)
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Board approval: Fundraise of up to ₹8,000 crore via Basel III bonds
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