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Key Points

Punjab National Bank announced a significant 51.7% increase in its Q4 net profit, reaching Rs 4,567 crore. The bank also declared a dividend of Rs 2.90 per share, subject to shareholder approval. PNB's asset quality improved, with a reduction in non-performing assets. Furthermore, the bank plans to raise Rs 8,000 crore through bonds to bolster its financial position.

Key Points: PNB Surges 51.7% in Q4 Profit Declares Rs 2.90 Dividend

  • PNB Q4 profit jumps 51.7% to Rs 4,567 crore
  • Declares Rs 2.90 dividend per share
  • Asset quality improves with NPAs reducing
  • Plans Rs 8,000 crore bond issuance
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PNB clocks 51.7 pc jump in Q4 net profit at Rs 4,567 crore, declares dividend of Rs 2.90 a share

Punjab National Bank reports a Rs 4,567 crore Q4 profit, up 51.7%, and announces Rs 2.90 dividend per share.

"The PNB board has recommended a dividend of Rs 2.90 per equity share. - PNB Board Statement"

New Delhi, May 7

Government-owned Punjab National Bank (PNB) on Wednesday reported a net profit of Rs 4,567 crore for January-March quarter of financial year 2024-25, which represents a 51.7 per cent jump over the corresponding figure of Rs 3,010 crore for the same period of the previous financial year.

The PNB has announced a dividend of Rs 2.90 per equity share for the financial year 2024-2025.

The bank's net interest income, the difference between interest paid for deposits and interest earned on loans, for the fourth quarter rose 4 per cent to Rs 10,757 crore.

The PNB board has recommended a dividend of Rs 2.90 per equity share of face value of Rs 2 each for FY25. The dividend is subject to approval of the shareholders at the ensuing annual general meeting of the bank.

The public sector lender's asset quality improved during the January-March quarter, with gross non-performing assets (NPAs) coming down to 3.95 per cent from 4.09 per cent in the previous quarter. The net non-performing assets declined marginally to 0.41 per cent during the fourth quarter from 0.4 per cent in the third quarter.

The PNB board also approved a proposal to raise fresh funding to the tune of Rs 8,000 crore through the issuance of Basel III compliant bonds. This includes additional Tier-I bonds up to Rs 4,000 crore and Tier-II bonds up to Rs 4,000 crore, to be raised in one or more tranches during FY 2025-26.

PNB's global business grew by 14.03 per cent to Rs 26,83,260 crore in Q4 FY25 from Rs 23,53,038 crore, year-on-year. Global deposits registered a growth of 14.38 per cent year-on-year to Rs 15,66,623 crore as on March 2025 from Rs 13,69,713 crore as on March 2024. Global advances increased by 13.56 per cent to Rs 11,16,637 crore from Rs 9,83,325 crore.

- IANS

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Reader Comments

R
Rajesh K.
Great news for PNB shareholders! A 51.7% jump in profits shows our public sector banks can deliver when managed well. The dividend of ₹2.90 is decent too. Hope this performance continues in coming quarters. 🇮🇳
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Priya M.
As a PNB customer for 15 years, I'm happy to see the NPA reduction. But bank should focus more on customer service - still long queues and slow processes at my branch. Profit growth is good, but service quality must improve too.
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Amit S.
Impressive numbers! The 14% growth in global business shows PNB is expanding well. The ₹8000 crore fund raising plan seems ambitious but necessary for competing with private banks. More power to our public sector banks! 💪
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Sunita R.
Good to see NPAs under control at 3.95%. PNB has come a long way since the Nirav Modi scam days. This turnaround story should be studied in B-schools! The dividend is just icing on the cake. 🎂
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Vikram J.
While profits are rising, I hope PNB uses some funds to upgrade technology. UPI transactions still fail sometimes and mobile banking needs improvement. Digital India needs strong digital banking!
N
Neha P.
My father worked at PNB for 30 years. He'll be so proud seeing these results! The bank has truly transformed. Hope they maintain this momentum and keep serving rural areas too where banking penetration is still low.

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