A Punjab National Bank branch in Mumbai. File
| Photo Credit: Reuters

State-owned Punjab National Bank (PNB) on Wednesday (May 7, 2025) reported 52% rise in net profit at ₹4,567 crore for March quarter in the 2025 financial year. The lender had earned a net profit of ₹3,010 crore in the year-ago period.

“During the quarter, the bank’s total income increased to ₹36,705 crore from ₹32,361 crore a year ago,” PNB said in a regulatory filing. Interest income grew to ₹31,989 crore from ₹28,113 crore in the fourth quarter of previous financial year.

On the asset quality front, the bank’s gross Non-Performing Assets (NPAs) moderated to 3.95% of gross advances as compared to 5.73% by the end of March 2024. Similarly, Net NPAs came down to 0.40% from 0.73%. The bank’s capital adequacy ratio rose to 17.01% from 15.97% at the end of the 2024 financial year.

For entire financial year 2024-25, the bank’s profit doubled to ₹16,630 crore from ₹8,245 crore in the previous year. Total income rose to ₹1,38,070 crore from ₹1,20,285 crore.

The bank’s board has recommended a dividend of ₹2.90 per equity share of face value of ₹2 each for 2024-25 subject to approval of shareholders.

“The board also approved a proposal to raise up to ₹8,000 crore through issuance of Basel III-compliant Bonds (Additional Tier-I Bonds up to Rs 4,000 crore and Tier-II Bonds up to ₹4,000 crore), to be raised in one or more tranches during 2025-26,” it said.