Financial Results of Punjab National Bank (PNB) has been released for the quarter and Financial Year ended 31 March 2021. During FY’21, Net Profit of PNB stood at Rs 2022-Crore. Global Deposit of the Bank increased to Rs 1106332-Crore as on March’21 from Rs 1071569-Crore in March’20 with a Y-o-Y growth of 3.24%. PNB’s Savings Deposit grew by 12.0% on Y-o-Y basis to Rs 417236-Crore as on March’21 and Retail Term Deposit grew by 19.5% on Y-o-Y basis to Rs 505975-Crore as on March’21.
PNB’s Operating Profit increased Y-o-Y by 28.4% to Rs 22980-Crore during FY21. Gross Global Business reached Rs 1845739-Crore & Global NIM improved to 2.88 % in FY21. At the end of March’21, Domestic Deposits is at Rs 1083335-Crore as against Rs 1054216-Crore in March’20 with Y-o-Y growth of 2.76%. Domestic Business stood at Rs 1802473-Crore as at the end of March’21 as against Rs 1796168-Crore in March’20. CASA deposit (Current Account & Savings Account) stood at Rs 492782-Crore in March’21 as compared Rs 442971-Crore in March’20 with a Y-o-Y growth of 11.24%.
Total Income stood at Rs 22532-Crore during Q4 FY21 and at Rs 93562-Crore during FY’21. Net Interest Income grew Y-o-Y by 1.9 % to Rs 6938-Crore during Q4FY21 and by 17 % to Rs 30477-Crore during FY’21.
