Punjab National Bank (PNB) has reported 9.7% rise in total deposits to Rs 13,08,719 crore as of September 30, 2023 (Q2FY24) as compared to Rs 11,93,501 crore as of September 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 12,97,905 crore as of June 2023. Its domestic deposits stood at Rs 12,75,995 crore in Q2FY24.
Its global gross advances were up by 13.8% to Rs 9,44,678 crore in Q2FY24 as against Rs 8,30,212 crore as of September 30, 2022. Domestic advances stood at Rs 9,07,937 crore in Q2FY24.
Its CASA deposits grew 2.6% to Rs 5,38,056 crore as of September 30, 2023, as compared to Rs 5,24,448 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 5,30,842 crore as of June 2023. Credit-deposit ratio stood at 72.18% as of September 30, 2023 as compared to 70.64% as of June 30, 2023. Total Business of the bank was up by 11.3% to Rs 22,53,397 crore in Q2FY24 as against Rs 20,23,713 crore in Q2FY23.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
