Punjab National Bank shares climbed by almost 6% after the company reported its highest-ever standalone quarterly profit of Rs 3,252 crore in the April-June 2025 fiscal, thanks to a reduction in bad loans and an increase in interest income.
On the BSE, the stock rose 5.88 percent to settle at Rs 126.95 per share. The stock rose 7.42 percent to Rs 128.80 during the session. On the NSE, it climbed 5.81 percent to Rs 126.92 per share.

In terms of volume, the company's 48.11 lakh shares were traded on the BSE and 1,441.05 lakh shares changed hands on the NSE during the day. State-run bank PNB had posted a net profit of Rs 1,255 crore in the June quarter of FY24.

The bank's managing director, Atul Kumar Goel, said this is the highest quarterly profit recorded by the bank due to an improvement in various parameters including net interest income, recovery, and CASA (Current Account and Savings Account).

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The quarter's total income rose to Rs 32,166 crore from Rs 28,579 crore in the previous year. The lender's interest income also increased to Rs 28,556 crore from Rs 25,145 crore in the previous year's quarter, according to a regulatory filing released on Saturday.

Net interest income (NII) climbed to Rs 10,476 crore in Q1FY25 from Rs 9,504 crore previously, indicating a 10.23 percent rise.

Gross non-performing assets (NPAs) decreased to 4.98 percent of gross advances as of June 2024, down from 7.73 percent in the previous year's quarter. Similarly, net NPAs decreased from 1.98 percent to 0.60 percent.

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(With PTI's Input)