PNB Reports 13% Loan Growth in Q2 | Business News
By Rediff Money Desk, New Delhi Oct 03, 2024 14:11
Punjab National Bank (PNB) reported a 13% rise in loan growth for the second quarter ended September, reaching Rs 10.64 lakh crore. Deposits also saw a significant increase.
New Delhi, Oct 3 (PTI) State-owned Punjab National Bank (PNB) on Thursday said it has posted a credit growth of 13 per cent at Rs 10.64 lakh crore for the second quarter ended September.
Total advances were Rs 9.41 lakh crore at the end of September 30, 2023, PNB said in a regulatory filing.
The lender reported an 11.41 per cent increase in total deposits to Rs 14.59 lakh crore as against Rs 13.09 lakh crore at the end of the second quarter of the previous financial year.
Total business of the bank rose 12 per cent to Rs 25.23 lakh crore as compared to Rs 22.51 lakh crore at the end of September 30, 2023.
In another filing, private sector lender Yes Bank reported a 13 per cent rise in its loan growth at 2.36 lakh crore as compared to Rs 2.09 lakh crore in the same quarter a year ago.
At the same time Yes Bank posted an 18 per cent increase in deposits at Rs 2.77 lakh crore.
The liquidity Coverage Ratio of the bank stood at 131.9 per cent at the end of the second quarter of the current fiscal.
Total advances were Rs 9.41 lakh crore at the end of September 30, 2023, PNB said in a regulatory filing.
The lender reported an 11.41 per cent increase in total deposits to Rs 14.59 lakh crore as against Rs 13.09 lakh crore at the end of the second quarter of the previous financial year.
Total business of the bank rose 12 per cent to Rs 25.23 lakh crore as compared to Rs 22.51 lakh crore at the end of September 30, 2023.
In another filing, private sector lender Yes Bank reported a 13 per cent rise in its loan growth at 2.36 lakh crore as compared to Rs 2.09 lakh crore in the same quarter a year ago.
At the same time Yes Bank posted an 18 per cent increase in deposits at Rs 2.77 lakh crore.
The liquidity Coverage Ratio of the bank stood at 131.9 per cent at the end of the second quarter of the current fiscal.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Jaiprakash Power Ven
- 20.12 (+ 4.96)
- 60298865
- Vodafone Idea L
- 9.87 ( -3.05)
- 51345961
- RattanIndia Power
- 16.90 (+ 4.90)
- 35505535
- Evexia Lifecare
- 3.98 (+ 0.76)
- 34274666
- Spicejet Ltd.
- 65.58 ( -3.74)
- 29076648
MORE NEWS
ZEVO Secures USD 2 Million in Pre-Series A...
Electric mobility platform ZEVO raises USD 2 million in Pre-Series A funding to deploy...
Kia India to Launch Mass Market EV in 2024
Kia India plans to introduce its first mass market electric vehicle in 2024, aiming for...
Pritika Auto Secures Rs 30 Cr Tractor Parts Order
Pritika Auto Industries, a leading tractor components maker, has secured an order worth...