Punjab national bank: Punjab National Bank (PNB) has announced the results of the March quarter (fourth quarter of FY 2025). Along with this, the bank has also announced dividends to its shareholders. According to information given to the exchange, PNB has recommended 145 per cent dividend for FY 2024-25.
145 percent of the dividend means that a dividend of Rs 2.90 will be given on each share of Rs 2 inscribed price. However, this payment will be made only after the approval of shareholders in the bank’s upcoming annual general meeting (AGM).
The bank said that the 24th annual general meeting will be held on Friday, 27 June 2025 at 11 am via video conferencing or other digital medium. Dividend will be approved in this meeting. The bank has not yet announced a record date for dividends. This date will be fixed later and its information will be given to the exchange.
51 percent increase in March quarter
PNB’s profit increased by 51 per cent to Rs 4,567 crore in the March 2025 quarter. The bank’s profit was Rs 3019 crore in the same quarter last year. That is, the bank’s performance has been very good on the year-on-year-year basis. The bank’s net interest income (NII) also increased by 3% to Rs 10,757 crore. Last year, the figure was Rs 10,363 crore.
Bank will raise capital up to Rs 8,000 crore
The PNB board has taken another important decision. The bank will now raise capital up to Rs 8,000 crore in 2025-26. This fund will be collected in two phases-through additional Tier-1 bond up to Rs 4,000 crore and through Tier-2 bonds up to Rs 4,000 crore. This capital can be collected in one or more installments.
