PNB Q3 Profit Soars to Rs 2,223 Crore | Business News
Punjab National Bank (PNB) reported a significant rise in its Q3 profit, reaching Rs 2,223 crore, driven by strong income growth and a decline in NPAs.
New Delhi, Jan 25 (PTI) State-owned Punjab National Bank (PNB) on Thursday posted an over three-fold increase in its profit to Rs 2,223 crore for the third quarter ended December 2023.
The bank had earned a net profit of Rs 629 crore in the same quarter a year ago.
Its total income increased to Rs 29,962 crore during the quarter under review against Rs 25,722 crore in the same period last year, PNB said in a regulatory filing.
The bank's interest income rose to Rs 27,289 crore compared to Rs 22,384 crore in the third quarter of the previous fiscal.
Its gross non-performing assets (NPAs) declined to 6.24 per cent of the gross loans at the end of December 2023 from 9.76 per cent a year ago.
Similarly, net NPAs or bad loans came down to 0.96 per cent from 3.30 per cent at the end of the third quarter of the previous fiscal.
The bank had earned a net profit of Rs 629 crore in the same quarter a year ago.
Its total income increased to Rs 29,962 crore during the quarter under review against Rs 25,722 crore in the same period last year, PNB said in a regulatory filing.
The bank's interest income rose to Rs 27,289 crore compared to Rs 22,384 crore in the third quarter of the previous fiscal.
Its gross non-performing assets (NPAs) declined to 6.24 per cent of the gross loans at the end of December 2023 from 9.76 per cent a year ago.
Similarly, net NPAs or bad loans came down to 0.96 per cent from 3.30 per cent at the end of the third quarter of the previous fiscal.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Billionbrains Garage
- 188.82 (+ 8.04)
- 77986429
- Vodafone Idea L
- 10.74 ( -1.83)
- 63105249
- Spright Agro
- 0.56 (+ 3.70)
- 52174708
- Sunshine Capital
- 0.27 (+ 3.85)
- 30062255
- MphasiS Ltd.
- 2,659.70 ( -1.10)
- 19196704
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback