Punjab National Bank Q2 Results FY2023, Net Profit at Rs. 411 crores

Punjab National Bank Q2 Results FY2023

Corporate Action
by Shreya Anaokar Last Updated: 2022-11-02T15:29:53+05:30

On 1st November 2022, Punjab National Bank announced its quarterly results for the second quarter of FY2023.

Q2FY23 Performance updates:

- Net interest income increased by 30.2% YoY to Rs.8271 Crore in Q2 FY23.  
- Operating Profit was at Rs.5567 Crore during Q2FY23 grew by 38.5% on YoY basis. 
- Net profit for Q2 FY23 was at Rs.411 Crore and grew 33.4% on QoQ basis. 
- Total Income of the Bank for Q2FY23 was at Rs.23001 Crore and Rs.44295 Crore for HY1-23. It grew by 8.2% and 0.5% respectively on YoY basis. 
- Total Interest Income of the Bank for Q2FY23 was at Rs.20154 Crore and Rs.38911 Crore for HY1-23 It grew by 12.1% and 5.4% respectively on YoY basis. 
- Fee-based income for Q2FY23 was at Rs.1307 Crore and Rs.3058 Crore for HY1-23. It grew by 12.5% and 14.7% respectively on YoY basis.  
- Total Expenditure of the Bank for Q2FY23 was at Rs.17434 Crore and for HY1-23 was at Rs.33349 Crore.

Business Highlights:

- Global Gross Business increased by 9.33% on YoY basis to Rs.2023712 Crore 
-  Savings deposits grew by 5.84% to Rs.451707 Crore. 
- Current deposits were at Rs.72741 Crore 
- Housing Loan increased by 7.8% on YoY basis to Rs.76877 Crore. 
- Vehicle loan increased by 35.3% on YoY basis to Rs.14038 Crore. 
- Personal Loan increased by 36.4% on YoY basis to Rs.14294 Crore. 
- Agriculture Advances increased YoY by 4.81% to Rs.140303 Crore. 
- MSME Advances increased YoY by 4.57% to Rs.130218 Crore. 
- Priority Sector Advances exceeded the National Goal of 40% and was at 43.54% of ANBC.  
- Agriculture advances exceeded the National Goal of 18% and was at 19.03% of ANBC. 
- Credit to Small and Marginal farmers exceeded the National Goal achievement of 9.5% and is at 10.16% of ANBC. 
- Credit to Weaker Sections exceeded the National Goal achievement of 11.5% and is at 14.08% of ANBC. 
- Credit to Micro Enterprises exceeded the National Goal achievement of 7.5% and is at 8.35% of ANBC.
- Gross Non-Performing Assets (GNPA) were at Rs.87035 Crore declined by 13.21% on YoY basis.  
- Net Non-Performing Assets (NNPA) were at Rs.29348 Crore, declined by 20.53% YoY basis.  
- CRAR was 14.74% for September’22. Tier-I is at 12.20% (CET-1 was at 10.88%, AT1 was at 1.32%) and Tier-II is at 2.54% as at September’22.
 


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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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