State-owned Punjab Nationwide Financial institution (PNB) on Friday stated it has posted a credit score progress of 11.5 per cent at Rs 9.85 lakh crore for the March quarter.
Whole advances have been Rs 8.84 lakh crore on the finish of March 31, 2023, PNB stated in a regulatory submitting.
The lender reported a 7 per cent improve in complete deposits to Rs 13.70 lakh crore as towards Rs 12.81 lakh crore on the finish of the fourth quarter of the earlier monetary yr.
Whole enterprise of the financial institution rose 8.8 per cent to Rs 23.56 lakh crore as in comparison with Rs 21.65 lakh crore on the finish of March 31, 2023.
The Credit score Deposit (CD) ratio elevated to 72 per cent on the finish of March 31, 2024 as towards 69.1 per cent within the year-ago interval.
One other public sector lender Financial institution of India reported a credit score progress of 13.56 per cent at Rs 5.86 lakh crore for the March quarter.
The excellent credit score was Rs 5.15 lakh crore on the finish of March 31, 2023, Financial institution of India stated in a separate regulatory submitting.
The whole deposit of the financial institution rose 10.20 per cent to Rs 7.37 lakh crore as towards Rs 6.69 lakh crore on the finish of the fourth quarter of the earlier monetary yr.
Financial institution of Baroda in a separate submitting stated international advances of the financial institution grew 12.41 per cent to Rs 10.89 lakh crore as of March 31, 2024 as towards Rs 9.69 lakh crore on the finish of earlier fiscal.
On the similar time complete deposits of the financial institution improved 10.24 per cent to Rs 13.26 lakh crore on the finish of March 2024.
(Solely the headline and movie of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Apr 05 2024 | 9:47 PM IST
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