Punjab National Bank (BOM:532461)
₹ 129.4 1.4 (1.09%) Market Cap: 1.42 Til Enterprise Value: 842.29 Bil PE Ratio: 15.65 PB Ratio: 1.29 GF Score: 62/100
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Q2 2023 Punjab National Bank Earnings Call Transcript

Nov 02, 2022 / 10:30AM GMT
Release Date Price: ₹39.2 (-2.24%)
Atul Kumar Goel
Punjab National Bank - MD, CEO & Director

(technical difficulty) As far as business -- as far as business of the bank is concerned, gross business of the bank has increased by 9.33% on a Y-o-Y basis.

Similarly, the gross deposit increased by 7% on a year-to-year basis and gross advance increased from the figure of INR 735,724 from September 2021 Figure to INR 830,212 crore with a growth rate of [12.84%.] At the time of the guidance, our key credit growth we are targeting in the range of the 10% for the whole of the financial year.

Since we have already achieved the 12.84% the Y-o-Y growth in the gross advances so we are revising our credit growth guidance. It will be within the range of 12% to 13% because now there is too much of demand from the credit from the market.

Saving then there is a growth of the 5.84% and CASA of the bank stood at 44.91% as against the 46.35% in the June quarter. Come to the operating part, there is a robust growth in the net interest income of the bank 30.19% on Y-o-Y basis. In the last September 2021 quarter, it was INR 6,353

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