Punjab National Bank (PNB) has released the results for the fourth quarter of the financial year 2025-26 on May 5. The bank’s net profit increased by 14% year-on-year to ₹5,225 crore, from ₹4,567 crore in the same quarter last year. Whereas in the last quarter it was ₹ 5,100 crore. PNB’s profit for the entire financial year i.e. 2025-26 increased by 1.64% to ₹ 16904 crore. A year ago i.e. in the financial year 2024-2025, the profit of the bank was Rs 16630 crore. ₹3 per share dividend recommended The bank has recommended a dividend of ₹3 per share for FY 2026 along with the results. This is a payout of 150% on a share with ₹2 face value. The final decision on this will be taken after the approval of the shareholders in the upcoming Annual General Meeting (AGM). The interest income and provisioning net interest income (NII) of the bank has declined this time. On annual basis it has declined by 4% to ₹10,380 crore, which was ₹10,757 crore last year. The bank has made a provision of ₹424 crore in this quarter. This is lower than the previous quarter (₹1,150 crore), but higher than the same period last year (₹360 crore). Improvement in asset quality Growth in global and domestic business PNB’s global business has grown by 11% year-on-year to ₹29.72 lakh crore. At the same time, there was a growth of about 10% in domestic business and it reached ₹ 28.45 lakh crore. Global deposits of the bank have registered a growth of 9.25% and stood at ₹17.11 lakh crore. Talking about advance, it increased by 13% and stood at ₹12.61 lakh crore. After the results of the stock market, PNB shares closed at Rs 108, down 0.63%. The stock has declined 10% in 6 months. At the same time, it has increased by more than 14% in one year. Knowledge Part:
Source link
[ad_3]
PNB’s profit increased by 14% to ₹5,225 crore in the fourth quarter: ₹3 dividend declared, interest income decreased by 4%; NPA improvement
