PNB Q1 Results. (File Photo)
Punjab National Bank (PNB) on Saturday reported a 159 per cent year-on-year surge in its net profit to Rs 3,252 crore for the first quarter of the current financial year 2024-25. Its net interest income (NII) during April-June 2024 increased 10.23 per cent to Rs 10,476 crore, compared with Rs 9,504 crore in the year ago period.
The state-owned lender had posted a net profit of Rs 1,255 crore in the corresponding period last year.
Its gross non-performing assets (NPA) ratio improved by 275 bps on y-o-y basis to 4.98 per cent as on June 30, 2024, compared with 7.73 per cent as on June 2023, according to a regulatory filing.
Shares of PNB on Friday rose Rs 2.2 per cent or 1.87 per cent to close at Rs 119.90 apiece on the BSE.
(The story will be updated)
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