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PNB Advances Surge, Deposits Steady in Q3 Growth
2 Jan
Summary
- Global advances grew nearly 11% year-on-year to ₹12.32 lakh crore.
- Deposits showed consistent expansion, reaching ₹16.60 lakh crore globally.
- The bank's global business increased by 9.57% year-on-year.
Punjab National Bank (PNB) has announced provisional business figures for the quarter ending December 31, 2025, revealing substantial growth in its balance sheet. Global advances surged by approximately 11% year-on-year, reaching ₹12.32 lakh crore, indicating a healthy demand for credit and the bank's expanded lending capabilities. This significant increase in advances outpaced deposit growth, leading to a rise in the bank's global credit-deposit ratio.
On the liabilities side, PNB’s global deposits expanded consistently, both sequentially and year-on-year, totaling ₹16.60 lakh crore. This steady accretion of deposits highlights the bank's ability to maintain stable funding sources amidst a competitive interest rate environment. The bank's domestic operations also mirrored this positive trend, with domestic deposits and advances showing notable increases.
Overall, the bank's global business saw a 9.57% year-on-year expansion, reaching ₹28.92 lakh crore. These provisional figures, subject to auditor review, underscore PNB's steady momentum in key financial parameters during the third quarter. The positive business update coincided with a rise in the bank's stock value on the NSE.
