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Punjab National Bank (PNB) has reported a solid performance for the first quarter of the financial year. The bank’s gross business reached ₹27.19 lakh crore, which marks a 1.4% rise compared to the previous quarter and an impressive 11.6% increase from the same time last year.
On the domestic front, business grew by 1.5% quarter-on-quarter and 11.1% year-on-year, touching ₹26.17 lakh crore.
Global deposits saw a healthy 1.45% growth over the previous quarter and jumped by 12.8% year-on-year to ₹15.89 lakh crore. Domestic deposits also rose smartly—up 1.7% from the last quarter and 12.2% from the previous year, standing at ₹15.37 lakh crore.
As for advances, the bank’s global advances increased by 1.3% quarter-on-quarter and 9.9% year-on-year, reaching ₹11.31 lakh crore. Domestic advances showed similar momentum, rising by 1.3% from the last quarter and 9.7% from last year to ₹10.80 lakh crore.
Overall, the results reflect steady and balanced progress, with both domestic and global operations contributing to the bank’s growth in business, deposits, and lending. It highlights PNB’s stable financial performance as it continues to expand its reach and services.
