PNB net profit surges 137% to ₹4,714 cr in Q2; stock rises 6%
PNB posted 2.5 times YoY increase in standalone net profit, reaching ₹4,303.5 crore for the September 2024 quarter
PNB posted 2.5 times YoY increase in standalone net profit, reaching ₹4,303.5 crore for the September 2024 quarter
Crisil estimates private ARC AUM at ₹1.2-1.25 lakh crore by the end of fiscal 2025, down from ₹1.35 lakh crore the previous fiscal.
Indian banks have been boosted by rising profitability and declining non-performing assets.
India’s largest private bank is up against some serious headwinds as MD & CEO Sashidhar Jagdishan battles the fallout of the merger with parent HDFC — both internally and externally.
Private lender’s Q3 NII at ₹2,123 crore, an 8.53% YoY increase
Gross NPA ratio of all scheduled commercial banks declined to an 11-year low of 3.2% at the end of September 2023.
Wilful defaulters will not be eligible for restructuring of the credit facility.
RBI must make public the debtors who are marked 'fraud' and 'wilful defaulter' to stop money laundering, fleeing the country and also to prevent negligence of banks, law enforcement agencies, if any
Non-performing assets have dipped but it's too early to uncork the bubbly as global slowdown impacts export and MSME sectors.
NPAs fall drastically despite credit to commercial sector and government rising 63% and 52%, respectively.