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PNB Q4 result: Net profit rises 50% to ₹4,642.9 crore, revenue up by 13%

PNB Q4 result: Net profit rises 50% to ₹4,642.9 crore, revenue up by 13%

Punjab National Bank Q4 FY25 result: The board of directors of the company have recommended a dividend of ₹2.90 per equity share for the financial year 2024-25
Rahul Goreja New Delhi
Punjab National Bank on Wednesday reported a consolidated net profit of ₹4,642.9 crore for the quarter that ended on March 31, 2025 (Q4 FY25). This marks approximately 50 per cent rise year-on-year (Y-o-Y) from ₹3100.9 crore.
Meanwhile, the public sector undertaking's (PSU) total income rose by 13.1 per cent to ₹37,299 crore from ₹32,976.5 crore in Q4 FY24.
The board of directors of the company have recommended a dividend of ₹2.90 per equity share for the financial year 2024-25.
Shares of PNB were down 0.21 per cent at ₹94.35 apiece at 3.05 pm on the BSE on Wednesday following the release of the company's fourth quarter results.

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Pimpri Chinchwad makes history as Maharashtra's first civic body to list Green Municipal Bonds on BSE
Pimpri Chinchwad makes history as Maharashtra's first civic body to list Green Municipal Bonds on BSE

India Gazette

time36 minutes ago

  • India Gazette

Pimpri Chinchwad makes history as Maharashtra's first civic body to list Green Municipal Bonds on BSE

Mumbai (Maharashtra) [India], June 11 (ANI): In a major milestone for municipal climate financing in India, Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday successfully listed its Rs 200 crore Green Municipal Bonds on the Bombay Stock Exchange (BSE), becoming the first civic body in Maharashtra to raise funds exclusively for sustainable mobility urban projects through this route. The bell-ringing ceremony held at the BSE in Mumbai witnessed an enthusiastic turnout, with Maharashtra Chief Minister Devendra Fadnavis terming PCMC's achievement as a proud moment for the state. Highlighting the growing importance of using market instruments for sustainability projects in urban governance, Chief Minister Fadnavis noted, 'As soon as the bond was issued, the base amount of Rs 100 crore was subscribed within the very first minute. This is not only a testament to the strength of PCMC's vision but also to the trust investors place in Maharashtra's governance. Prime Minister Narendra Modi has been consistently encouraging urban bodies to raise resources through municipal bonds, and PCMC has taken the lead in this direction. The listing process is complex and requires high levels of diligence--I congratulate every official, institution and partner involved in making this happen.' Deputy Chief Ministers Eknath Shinde and Ajit Pawar were also present at the ceremony, which marked the official listing of the bonds, which were oversubscribed 5.13 times and received bids worth Rs 513 crore. These funds will be utilised for the Harit Setu project in Nigdi Pradhikaran and for the sustainable mobility development project from Gawalimatha to Indrayani Nagar Chowk on Telco Road - both key components of the city's long-term environment and climate strategy through the encouragement of the 15-Minute City Concept through Harit Setu. The project will also be amongst the first proof of concept of last- and first-mile connectivity for Metro Transport and BRTS Bus Transport through active mobility. PCMC Commissioner Shekhar Singh expressed gratitude to the investing community, stating, 'This is more than just a financial accomplishment--it's a bold step toward building a greener, smarter, and more resilient Pimpri Chinchwad. The investor confidence shown today is a strong endorsement of our direction. We are committed to using these funds not just for infrastructure but to promote green and climate-aligned urban development.' On this occasion, Chief Minister Fadnavis also felicitated Commissioner Shekhar Singh with a special listing memento presented on behalf of the Bombay Stock Exchange. Also present were MLCs Uma Khapre and Amit Gorkhe and MLAs Mahesh Landge and Shankar Jagtap, who lauded the city's initiative. Jagtap remarked that such financial tools could also be explored for broader social infrastructure in the future. Chief Secretary Sujata Saunik praised the move as a benchmark in urban innovation, saying, 'The enthusiastic response from investors clearly reflects the credibility of public institutions like PCMC. As urbanisation accelerates, sustainable growth must remain our priority--and PCMC's move is a model worth replicating.' Chief Secretary Sujata Sounik and senior officials including Urban Development Additional Chief Secretary UD-1 Aseem Gupta, Principal Secretary UD-2 KH Govindaraj, MCGM Commissioner Bhushan Gagrani, NMMC Commissioner Kailash Shinde, KDMC Commissioner Abhinav Goyal, Bhiwandi Commissioner Anmol Sagar, Ulhasnagar Commissioner Manisha Awhale and Panvel Commissioner Mangesh Chitale were present at the event, along with PCMC Additional Commissioners Pradip Jambhale Patil and Trupti Sandbhor, Chief Accounts and Finance Officer Pravin Jain, Joint City Engineer Bapusaheb Gaikwad, Deputy Commissioner Anna Bodade, Executive Engineer Sunil Pawar, and Public Relations Officer Prafulla Puranik. The Bombay Stock Exchange was represented by its Managing Director Sundararaman Ramamurthy, who congratulated PCMC and outlined BSE's role in facilitating municipal bond transactions. Aditi Mittal, Managing Director of AK Capital Services Ltd., the transaction's merchant banker and advisor, also attended the ceremony. The Green Bonds, rated AA+ by both CRISIL and CARE, carry a competitive interest rate of 7.85 per cent. Repayments are secured through an escrow account backed by PCMC's Property Tax collections. The civic body's strong fiscal discipline and its alignment with national green goals enabled it to secure Rs 20 crore as an incentive from the Government of India for successfully executing this bond issue. With this landmark moment, PCMC has not only unlocked an innovative funding mechanism but also demonstrated how climate finance can be mainstreamed into local governance--setting an example for other cities across India to follow. (ANI)

TA Associates exits AU Small Finance Bank; sells 1.26% stake for ₹714 cr
TA Associates exits AU Small Finance Bank; sells 1.26% stake for ₹714 cr

Business Standard

time4 hours ago

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TA Associates exits AU Small Finance Bank; sells 1.26% stake for ₹714 cr

Private equity firm TA Associates on Tuesday exited AU Small Finance Bank by selling its entire 1.26 per cent stake in the company for Rs 714 crore through an open market transaction. According to the bulk deal data available on the BSE, US-based TA Associates through its arm TA FDI Investors sold 93.90 lakh shares, amounting to a 1.26 per cent stake in Jaipur-based AU Small Finance Bank (AU SFB). The shares were disposed of at an average price of Rs 760.07 apiece, taking the deal value to Rs 713.78 crore. Details of the buyers of AU SFB's shares could not be ascertained on the BSE. Shares of AU Small Finance Bank fell 0.93 per cent to close at Rs 764.70 apiece on the BSE. In a separate block deal on the BSE, Morgan Stanley Asia (Singapore) sold 1.25 lakh shares of Bajaj Finserv for Rs 25 crore through an open market transaction. The shares were offloaded at an average price of Rs 1,983.8 apiece, taking the deal value to Rs 24.80 crore. These shares were acquired by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price. The scrip of Bajaj Finserv slipped 0.92 per cent to settle at Rs 1998.35 apiece on the BSE.

Pimpri-Chinchwad becomes first civic body in Maharashtra to list green bond on BSE
Pimpri-Chinchwad becomes first civic body in Maharashtra to list green bond on BSE

Hindustan Times

time5 hours ago

  • Hindustan Times

Pimpri-Chinchwad becomes first civic body in Maharashtra to list green bond on BSE

The Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday made history by listing its ₹200-crore Green Municipal Bonds on the Bombay Stock Exchange (BSE), becoming the first civic body in Maharashtra to raise funds exclusively for sustainable urban mobility projects through this route. At a bell-ringing ceremony at the BSE in Mumbai, chief minister Devendra Fadnavis hailed the move as a proud moment for the state. 'The base amount of ₹100 crore was subscribed within the first minute of issue. This reflects not only the strength of PCMC's vision but also the trust investors place in Maharashtra's governance,' Fadnavis said, adding that Prime Minister Narendra Modi has long encouraged civic bodies to mobilise resources through municipal bonds. The bond issue, oversubscribed by 5.13 times with bids worth ₹513 crore, will fund two key projects: the Harit Setu in Nigdi-Pradhikaran and a sustainable mobility corridor from Gawalimatha to Indrayaninagar Chowk on Telco Road. The projects are part of PCMC's broader climate and mobility strategy under the 15-minute city concept and will support first and last-mile connectivity with metro and BRTS systems. Deputy chief ministers Eknath Shinde and Ajit Pawar also attended the ceremony. PCMC commissioner Shekhar Singh said the overwhelming investor response was 'a strong endorsement of our direction' and called the listing a bold step towards a greener, more resilient Pimpri-Chinchwad. Fadnavis also presented a special memento to Singh on behalf of the BSE to mark the occasion. Rated AA+ by credit rating agencies CRISIL and CARE, the green bonds carry an interest rate of 7.85%, with repayments secured through an escrow account backed by PCMC's property tax collections. The civic body's fiscal discipline and alignment with national green priorities also earned it a ₹20 crore incentive from the Government of India for successfully executing the issue. With the landmark listing, PCMC has not only pioneered a new funding mechanism but also provided a replicable model for integrating climate finance into local governance across India.

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