Company Update : Punjab National Bank Ltd By Motilal Oswal Financial Services Ltd
Muted business growth; CD ratio stands at 71.4%
PNB released its quarterly business numbers for 4QFY25. Here are the highlights:
* Gross global advances grew at a modest 13.6% YoY/0.6% QoQ to ~INR10.7t. Domestic advances grew 13.2% YoY/ 0.6% QoQ, accounting for 95.5% of the total advances pool.
* Deposits growth was higher than advances growth at 14.3% YoY/2.4% QoQ to INR15.6t. Domestic deposits grew 13.3% YoY (2.4% QoQ).
* The bank’s CD ratio stood at 71.4% vs 72.6% as of 3QFY25.
* Overall, PNB posted muted growth in advances, whereas deposits growth was broadly in line. Business growth stood at 14% YoY/1.6% QoQ, while the CD ratio saw a slight moderation.
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