Company Update : Punjab National Bank Ltd by Motilal Oswal Financial Services Ltd
Business growth modest; CD ratio stands flat at 71.2%
PNB released its quarterly business numbers for 1QFY26. Here are the highlights:
* Gross global advances grew at a modest 9.9% YoY/1.3% QoQ to ~INR11.3t. Domestic advances grew 9.7% YoY/1.3% QoQ, forming 95.5% of the total advances pool.
* Deposits growth stood at 12.8% YoY/1.4% QoQ to INR15.9t. Domestic deposits grew 12.2% YoY (1.7% QoQ).
* The bank’s CD ratio stood at 71.2% vs 71.3% as of 4QFY25.
* Overall, PNB’s loan growth remained slow, while deposit accretion was steady and broadly in line. Business growth stood at 11.6% YoY/1.4% QoQ, while CD ratio was largely flat QoQ.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
