PNB Q4FY25 Results: Punjab National Bank (PNB) of the public sector released its financial results today. PNB said in the information given to the stock market that his net profit increased by 52 percent to Rs 4567 crore in the January-March quarter of the last financial year 2024-25. Let us tell you that PNB’s net profit in the fourth quarter of FY 2023-24 was Rs 3010 crore. PNB said in information to the stock market on Wednesday that the total income of the bank increased to Rs 36,705 crore during this period as compared to Rs 32,361 crore in the same quarter of a year ago.
PNB’s interest income increased
The bank’s interest income was Rs 31,989 crore in the fourth quarter of FY 2024-25, which was Rs 28,113 crore in the same period of a year ago. On the asset quality front, the bank’s gross non-performing assets (NPAs) were 3.95 percent of the total debt while the ratio was 5.73 percent at the end of March 2024. Similarly, the bank’s net NPA also fell from 0.73 percent to 0.40 percent of the total loan. The bank’s capital adequacy ratio rose to 17.01 percent while it was 15.97 percent at the end of FY 2023-24.
Shareholders will get a dividend of Rs 2.90 on each stock
The bank’s profit for the entire financial year (2024-25) was doubled from Rs 8,245 crore to Rs. 16,630 crore in 2023-24. During this period, the total income of the bank increased from Rs 1,20,285 crore to Rs 1,38,070 crore. Meanwhile, the board of directors of the bank have announced a dividend of Rs 2.90 to the shareholders on each stock with a face value of Rs 2 for the financial year 2024-25. Punjab National Bank said that a record date was fixed on Friday, June 20 for this dividend to be given to shareholders. Let us tell you that today the bank shares fell 0.32 percent to close at the price of Rs 94.25 on BSE.
Latest business news
