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State-owned Punjab National Bank (PNB) on Wednesday reported standalone net profit of 201 crore for the March quarter, down 66% from 586 crore reported in the last year period.

On Wednesday, PNB shares closed 0.45% lower at 33.15 apiece on NSE.

The lender's net interest income (NII) -- difference between interest earned and interest expended -- rose 5% to 7,305 crore for the quarter under review.

On the asset quality front, gross non-performing assets (NPAs) fell to 11.78%, compared with last year, while net NPAs stood at 4.80% during the fourth quarter.

The Bank's Board has also recommended a dividend of 0.64 per equity share for the year 2021-22.

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