Punjab National Bank Q2 Result reported a 12% year-on-year increase in its global business, reaching ₹25,23,797 crore for Q2 FY25. Sequential growth stood at 3.56%, with domestic figures rising 3.20% quarter-on-quarter to ₹24,29,602 crore, reflecting a solid annual growth of 11.34%.
Deposits globally increased by 3.63% from the previous quarter and 11.41% year-over-year to ₹14,59,386 crore. Domestic deposits also saw healthy growth, up 3.47% quarterly and nearly 11% annually, showing robust customer confidence.
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The bank’s loan advancements globally rose to ₹10,64,411 crore, marking a 13.03% increase over the year and 3.47% since last quarter. Domestic loan growth was similarly strong, with advances reaching ₹10,12,169 crore, up 11.84% year-on-year.
Recently, PNB raised ₹5,000 crore through a Qualified Institutional Placement, issuing 48.19 crore shares at ₹103.75 each. This price was a 4.96% discount to the floor price, aimed at enhancing the bank’s capital adequacy.
Market activity saw PNB shares trading slightly lower at ₹104.09 after the announcement. This followed significant investments from entities like the Singapore government and Goldman Sachs, who recently raised their stakes in PNB Housing Finance.
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The transaction involved buying shares at an average price of ₹1,097.30 each, totaling ₹178 crore. This strategic investment by high-profile investors highlights the ongoing interest and confidence in PNB’s financial health and market strategies.