Punjab National Bank Reports 11% Growth in Global Business for Q4 FY26
PNB Q4 updates: Global business rises 11% YoY to Rs 29.72 lakh crore; advances jump 13%
The Economic Times
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Punjab National Bank (PNB) reported an 11% year-on-year increase in global business, reaching ₹29.72 lakh crore for the quarter ending March. Domestic advances also rose by 12.17%, contributing to a strong performance despite a decline in net interest income.
- 01Global business increased to ₹29.72 lakh crore, up 11% YoY.
- 02Domestic business rose nearly 10% to ₹28.45 lakh crore.
- 03Global advances grew 13% YoY to ₹12.61 lakh crore.
- 04Deposits increased 9.25% YoY to ₹17.11 lakh crore.
- 05Net interest income declined 4.5% YoY to ₹10,533 crore.
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Punjab National Bank (PNB) announced an 11% year-on-year growth in its global business, totaling ₹29.72 lakh crore for the quarter ending March. This marks an increase from ₹26.83 lakh crore in the same period last year. Domestic business also saw a rise of nearly 10%, reaching ₹28.45 lakh crore. On a sequential basis, global business grew by 2.8% from ₹28.91 lakh crore in the previous quarter. PNB's global advances surged 13% YoY to ₹12.61 lakh crore, while domestic advances increased by 12.17% to ₹11.95 lakh crore. Additionally, global deposits rose 9.25% YoY to ₹17.11 lakh crore. However, PNB reported a 4.5% decline in net interest income, falling to ₹10,533 crore compared to ₹11,032 crore a year earlier. The bank's shares closed up 0.4% at ₹104.40 following the announcement.
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The growth in PNB's business and advances may lead to increased lending opportunities for consumers and businesses, potentially affecting loan availability and interest rates.
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