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PUNJAB NATIONAL BANK - 532461 - Statement Of Deviation/ Variation For The Quarter Ended 31.03.2024

Statement of Deviation /Variation for the quarter ended 31.03.2024
09-05-2024
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Q4FY24 Quarterly & FY24 Annual Result Announced for Punjab National Bank

Punjab National Bank announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net Profit increased YoY by 159.8% and QoQ by 35.4% to Rs 3,010 crore in Q4FY24 from Rs 1,159 crore in Q4FY23 and Rs 2,223 crore in Q3FY24. Return on Assets (RoA) improved to 0.77% in Q4FY24 from 0.58% in Q3FY24 and 0.32% in Q4FY23. Return on Equity (RoE) improved to 16.48% in Q4FY24 from 12.45% in Q3FY24 and 7.11% in Q4FY23. Net Interest Income (NII) increased to Rs 10,363 crore in Q4FY24 from Rs 10,293 crore in Q3FY24 and Rs 9,499 crore in Q4FY23. Operating Profit increased by 9.4% on YoY basis to Rs 6,416 crore in Q4FY24 from Rs 6,331 crore in Q3FY24 and Rs 5,866 crore in Q4FY23. Credit Cost improved by 91 bps from 1.72% in Q4FY23 to 0.81% in Q4FY24. GNPA ratio improved by 301 bps on YoY basis to 5.73% as on March’24 from 8.74% as on March’23. NNPA ratio improved by 199 bps from 2.72% as on March’23 to 0.73% as on March’24. Provision Coverage Ratio (including TWO) improved by 849 bps on YoY basis to 95.39% as on March’24. Provision Coverage Ratio (Excluding TWO) improved by 171 bps to 87.9% from 70.8% in March’23. Slippage ratio improved YoY by 159 bps to 0.72% in FY24. Global Business grew by 8.6% on YoY basis to Rs 23,53,038 crore as on March’24. Global Deposits registered a growth of 6.9% to Rs 13,69,713 crore as on March’24. Global Advances increased by 11.2% on YoY basis to Rs 9,83,325 crore as on March’24. CD Ratio stands at 71.8% as on March’24 as against 69.1% in March’23 and 73.1% in Dec’23. FY24: Net Profit rose to Rs 8,245 crore in FY24, recording a robust growth of 228.8% against Rs 2,507 crore posted during FY23. Return on Assets (RoA) improved by 36 bps to 0.54% in FY24 against 0.18% recorded in FY23. Return on Equity (RoE) improved by 772 bps to 11.66% in FY24 from 3.94% in FY23. Net Interest Income (NII) rose by 16.2% to Rs 40,083 crore from Rs 34,492 crore in FY23. Whole Bank NIM for FY24 is marginally down by 9 bps YoY to 3.28%. Operating Profit rose by 10.7% to Rs 24,931 crore in FY24 from Rs 22,529 crore in FY23. Credit Cost improved by 63 bps from 2.03% in FY23 to 1.40% in FY24. The Board of Directors have recommended a dividend of Rs 1.50 per equity share (75%) for the year ended March 31, 2024 subject to requisite approvals. Result PDF
09-05-2024
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PUNJAB NATIONAL BANK - 532461 - Annual General Meeting Of The Bank, Record Date And Book Closure

Annual General Meeting of the Bank, Record Date and Book Closure
09-05-2024
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PUNJAB NATIONAL BANK - 532461 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release on the Financial Results for the quarter/financial year ended 31.03.2024
09-05-2024
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PUNJAB NATIONAL BANK - 532461 - Board Meeting Outcome for Audited Financial Results For The Quarter/Year Ended 31.03.2024

Outcome of Board Meeting under Regulation 30 and 51 of SEBI (LODR) Regulations, 2015
09-05-2024
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