PNB's profit jumps 145% in Q2
Business Standard|October 29, 2024
State-owned Punjab National Bank (PNB) on Monday reported a 145 per cent year-on-year increase in its net profit at ₹4,303 crore for the second quarter (Q2) of 2024-25 (FY25). The net profit was ₹1,756 crore in the year-ago period.
HARSH KUMAR
PNB's profit jumps 145% in Q2

The bank's net interest income (NII) grew 5.99 per cent Y-o-Y to ₹10,517 crore in Q2.

The gross non-performing asset (GNPA) ratio of the bank improved by 248 basis points (bps) Y-o-Y to 4.48 per cent as of September, from 6.96 per cent in the year-ago period. The net non-performing asset (NNPA) ratio increased by 101 bps Y-o-Y to 0.46 per cent in Q2, from 1.47 per cent in September 2023.

This story is from the October 29, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October 29, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
NTA to be restructured, will only focus on higher edu entrance exams
Business Standard

NTA to be restructured, will only focus on higher edu entrance exams

The NTA will not conduct any recruitment exams from 2025, instead will only focus on higher education entrance tests, Union Education Minister Dharmendra Pradhan announced on Tuesday.

time-read
1 min  |
December 18, 2024
Business Standard

Digital scams: NPCI lists 'tricks' to watch out for

With incidents of online frauds, including 'digital arrests' on the rise, the National Payments Corporation of India (NPCI) that oversees India's retail payment systems has issued an advisory outlining steps to protect users against such scams.

time-read
1 min  |
December 18, 2024
Data breach, regulatory uncertainty hurdles in AI implementation: Deloitte
Business Standard

Data breach, regulatory uncertainty hurdles in AI implementation: Deloitte

As Indian companies implement artificial intelligence (AI) in systems and processes, cyberattacks, data breaches and regulatory uncertainty about the new technology have become a concern, according to a survey.

time-read
1 min  |
December 18, 2024
Four of 10 in rural, semi-urban India prefer UPI: Report
Business Standard

Four of 10 in rural, semi-urban India prefer UPI: Report

Only about four out of ten users in rural and semi-urban India have the country's real-time payments system, Unified Payments Interface (UPI), as a preferred mode of transaction, with about two only preferring cash, according to a joint report by EY and CII.

time-read
1 min  |
December 18, 2024
IBA seeks training sessions by CBI to tackle bank fraud
Business Standard

IBA seeks training sessions by CBI to tackle bank fraud

The Indian Banking Association (IBA) has suggested to the finance ministry to direct public sector banks (PSBs) to organise regular training sessions by the Central Bureau of Investigation (CBI) for bankers to enhance vigilance and prevent fraud.

time-read
2 mins  |
December 18, 2024
BITTER CHILL PILL
Business Standard

BITTER CHILL PILL

LNG, or chilled natural gas, is a $29 billion opportunity. So, what is keeping the sales low?

time-read
5 mins  |
December 18, 2024
Business Standard

Assess employment growth prospects, infra before investing

The weighted average price of newly launched projects in the top 30 Tier-II cities surged by up to 65 percent between December 2023 and October 2024, according to a recent report by PropEquity.

time-read
2 mins  |
December 18, 2024
Booster dose for Piramal Pharma on growth hopes
Business Standard

Booster dose for Piramal Pharma on growth hopes

JM Financial initiates coverage on the stock with a 'buy' rating

time-read
2 mins  |
December 18, 2024
LARGECAP CUTOFF LIKELY TO TOUCH ₹1 TRILLION
Business Standard

LARGECAP CUTOFF LIKELY TO TOUCH ₹1 TRILLION

The market capitalisation (mcap) cutoff to qualify for mutual funds' (MFs') largecap universe is likely to go up for the fifth consecutive time to touch the ₹1 trillion mark for the first time.

time-read
1 min  |
December 18, 2024
Business Standard

Oberoi Realty: On a strong growth foundation

Oberoi Realty is a Mumbai-focused real estate player across residential, retail, hospitality, and social infrastructure.

time-read
2 mins  |
December 18, 2024