pnb: PNB reports 11.5 pc loan growth in Q4, BoB’s up 12.4 pc

State-owned Punjab Nationwide Financial institution (PNB) on Friday mentioned it has posted a credit score development of 11.5 per cent at Rs 9.85 lakh crore for the March quarter. Whole advances had been Rs 8.84 lakh crore on the finish of March 31, 2023, PNB mentioned in a regulatory submitting.

The lender reported a 7 per cent enhance in whole deposits to Rs 13.70 lakh crore as in opposition to Rs 12.81 lakh crore on the finish of the fourth quarter of the earlier monetary 12 months.

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 in opposition to 69.1 per cent within the year-ago interval.

One other public sector lender Financial institution of India reported a credit score development 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 mentioned in a separate regulatory submitting. The entire deposit of the financial institution rose 10.20 per cent to Rs 7.37 lakh crore as in opposition to Rs 6.69 lakh crore on the finish of the fourth quarter of the earlier monetary 12 months. Financial institution of Baroda in a separate submitting mentioned international advances of the financial institution grew 12.41 per cent to Rs 10.89 lakh crore as of March 31, 2024 as in opposition to Rs 9.69 lakh crore on the finish of earlier fiscal.

On the similar time whole deposits of the financial institution improved 10.24 per cent to Rs 13.26 lakh crore on the finish of March 2024.