PNB’s standalone profit jumps 477%; asset quality improves
PNB’s operating profit stood at ₹5,866 crore for the quarter, up 11.4% from a year ago. Furthermore, net interest income saw a significant rise of 30.05% over the corresponding period of last year to ₹9,499 crore.
New Delhi: State-owned lender Punjab National Bank (PNB) recorded a 477% jump in standalone net profit for the March quarter, demonstrating robust growth. The bank’s net profit was at ₹1,159 crore compared to ₹201 crore in the year-ago period.