PNB earned a profit in the June quarter of Rs. 18,929 crores to Rs. 18757 crores
Punjab National Bank (PNB) on Thursday reported a 69.8% year-on-year decline in its net profit for the quarter that ended June 30, 2022. 233 crores a year
PNB earned a profit in the June quarter of Rs. 18,929 crores to Rs. 18757 crores
Apart from provisions and loan contingencies stood at Rs 4,790 crore against Rs 4,979 crore last year.
On the asset quality side, NBI’s gross NPA for the June quarter fell to 11.27% from 11.78% in the previous quarter (Q4FY22), while its net NPA declined from 4.28% in Q4FY23. Three months before
Provision of loan NPAs rose to Rs 4,814 crore in the June quarter from Rs 3,248 crore a year ago.
Shares of PNB rose 1.87 percent to Rs 32.60 on BSE on Thursday.
PNB Q1 results: 308 kroons down 70%
The net profit of this bank last year reached 1,023.46 million rubles. In the March quarter, it amounted to 215.7 million dinars. The total income in the first quarter of the current year decreased to 21,294 million rubles. 225.15 billion euros last year.
Company Radar: Dividends up to SIL. DRL, PNB Q1 results; Bajaj Finserve AGM, and others.
Vedanta, SBI Life Insurance Company, Bajaj Finserv, Nestle India, SBI Cards, Shree Cement, Dr. Reddy’s Laboratories, Bank National Punjab, Mahindra & Mahindra Financial Services, and Jubilant Foodworks are among the companies that released quarterly results today.
PNB Q1 results: net income tripled to Rs 102.3 billion.
Gross income fell to Rs 22,515 crore in the first quarter of 2012 from Rs 24,292.80 crore in the first quarter of 2012, according to the Punjab National Bank (PNB).
PNB Reports Rs 101.9 Billion Surprise Profit in Poor Conditions
The Punjab National Bank posted an unexpected net profit of Rs 1,018.63 crore for the quarter that ended June 30 on Friday due to lower reserves. Public sector lenders reported a net loss of Rs 940 crore in the same quarter last year. Analysts contacted by ET NOV said the loss was Rs 350 crore. status and
The net loss of PNB is 940 million dinars.
The Punjab National Bank reported a loss of Rs 940 crore from April to June 2018 despite recovering Rs 8,445 crore due to the Nirav Modi scam and high NPA reserves. The profit of the State Bank last year reached 343.4 million rubles. 63 percent of banks
GNP up 6%, first-quarter output hits 52-week low
The Punjab National Bank reported a net profit of Rs 1,275,320,000 for the quarter that ended June 30, compared to Rs 1,245,670,000 last year.
Q1 GDP Results: Revenue rose 232% year-on-year to Rs 1,023 crore.
Punjab National Bank Ltd (PNB) on Monday reported a 232% rise in net income to Rs 1,023 crore for the quarter that ended June 30, 2021. The lender reported a net profit of Rs 308 crore – last year’s money.
Income from Internet lenders (NII) rose 6.5% to £7,226 crore from £6,782 crore a year ago.
PGN’s Gross NPA increased marginally from 14.12% QoQ to 14.33%, while net NPA increased to 5.85% from 5.73% in the previous quarter (Q4F21).
The bank’s net income increased to Rs 6,098.65 crore from Rs 5,280 crore in the quarter. Operating expenses for the quarter fell to Rs 4,722 crore from Rs 5,156 crore a year ago. Total repayments, including repayments and renewals, increased to Rs 8,270 crore in the first half of FY22, PNB said.
Punjab National Bank results for the first quarter of 2023, PAT 308.44 million
Key figures for the first quarter of 2023:
- – For the first quarter of 2023, the total income of the bank was 2129.4 crores.
- – For the first quarter of 2023, the bank’s operating income reached Rs 10.08 crore.
- – For the first quarter of 2023, the bank’s gross interest income is Rs 18.7 crore.
- – Net interest income increased by 4.27% from Rs 7,543 crore to Rs 7,234 crore in the first quarter of 2023.
- – Total banking expenses fell by 3.05% to Rs 15,915 crore in the first quarter of FY23.
- – Total interest expenses decreased by 4.10% from Rs 11,214 crore in Q1 2023. 1169.4 crore in Q1 2022.
- – Gross non-performing assets (GNPA) on June 22 stood at Rs 90,167 as compared to Rs 104,076 in the first quarter of 2022, down 13.36% year-on-year and 2.46% quarter-on-quarter.
- – Net Non-Performing Assets (NNPA) as on June 22 stood at Rs 31,744 crore compared to 2019. 38,581 crores in Q1 2022, down 17.72% YoY and 9.06% QoQ.
Company highlights:
- – Total global activity increased by 6.21% YoY to Rs.1,936,923. 1,823,685 crore in the first quarter
- – Total global advances rose 10.21% to Rs 800,177 crore at the end of June 2022.
- – At the end of June 2022, global deposits increased by 3.56% to Rs 1,136,747 crore.
- – In the personal sector, primary consumer loans reached 121,349 million with an increase of 9.10% per year. Housing loans increased by 5.25% to 74.565 million in a year. Car loans reached 13,446 million with an increase of 34.25% in the year. Consumer loans increased by 25.52% compared to last year and reached 12,938 million.
- – Advance payment for SMEs reached 124,947 million dollars with an increase of 3.15%.
- – Agricultural progress increased by 3.78 percent. 133237 rubles.
- – The number of Internet Banking (IBS) users increased to 3.47 million rupees in the first quarter of 2023 (32.44% YoY).
- – Mobile banking services (MBS) users have grown by 38.24% year-on-year from 2.51 million in Q1 2022 to 347 lakh in Q1 2023.