BTTV Exclusive: Atul Kumar Goel, MD & CEO, PNB On Q1FY25 Earnings, NII, NPAs And FY25 Growth Plans

Watch Business Today TV's Siddharth Zarabi in an exclusive conversation with Atul Kumar Goel, MD & CEO of Punjab National Bank. The bank achieved a remarkable net profit of Rs 3,252 crore, a 159% increase from Rs 1,255 crore in the same period last year. The discussion will cover PNB’s key milestones, including a 10.23% year-on-year rise in Net Interest Income (NII), reaching Rs 10,476 crore. Significant improvements in PNB’s financial metrics will be examined, such as the gross non-performing asset (GNPA) ratio dropping by 275 basis points year-on-year to 4.98% and the net non-performing asset ratio reducing by 138 basis points to 0.60% as of June 2024. PNB has updated its FY25 guidance for the GNPA ratio to around 4%, down from 5%, and for credit costs to below 0.5%, from an earlier estimate of below 1%. Furthermore, PNB’s provisions for bad loans dramatically fell to Rs 792 crore in Q1FY25, compared to Rs 4,374 crore in Q1FY24. The capital adequacy ratio saw an improvement, reaching 15.79%, while the provision coverage ratio, including technical write-offs, increased by 607 basis points to 95.90%. Excluding technical write-offs, the ratio improved by 1,259 basis points to 88.43%. Don’t miss this in-depth discussion with Atul Kumar Goel on PNB’s strategic growth plans and financial stability in FY25. Catch all the insights on Business Today TV.