menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

PNB Q1 Upd...
source image

Bloomberg Quint

2w

read

342

img
dot

Image Credit: Bloomberg Quint

PNB Q1 Update: Advances, Deposits See Global, Domestic Growth

  • PNB's global advances rose by 9.9% to Rs 11.3 lakh crore in the April-June quarter.
  • The bank reported a 13% growth in global deposits to Rs 15.9 lakh crore, with domestic deposits increasing by 12% to Rs 15.4 lakh crore.
  • PNB's global credit-deposit ratio remained flat at 71.2% compared to the previous quarter.
  • The bank expects net interest margins to be under pressure due to repo rate cuts by the RBI, impacting profitability.

Read Full Article

like

4 Likes

For uninterrupted reading, download the app