1) PNB reports over 11% year-on-year growth in gross business in first quarter of FY25 2) Punjab National Bank (PNB) reported gross business of ₹27.19 lakh crore in the first quarter of financial year 2024-25, marking a 1.4% rise quarter-on-quarter and an 11.6% increase year-on-year. The bank’s domestic business stood at ₹26.17 lakh crore, reflecting 1.5% sequential and 11.1% annual growth. 3) Global deposits were at ₹15.89 lakh crore, up 1.45% quarter-on-quarter and 12.8% year-on-year. Domestic deposits reached ₹15.37 lakh crore, registering a 1.7% quarter-on-quarter and 12.2% year-on-year increase. 4) Global advances rose to ₹11.31 lakh crore, showing a 1.3% increase both quarter-on-quarter and 9.9% year-on-year. Domestic advances stood at ₹10.80 lakh crore, also up 1.3% quarter-on-quarter and 9.7% year-on-year 5) In a parallel move to enhance financial inclusion, PNB has waived penalty charges for non-maintenance of minimum average balance (MAB) in all savings accounts, effective July 1, 2025. 6) Update for the Quarter is good and expecting positive impact on the stock 7) All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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