PNB Q3 Results: Profit Jumps Over Three-fold To Rs 2,223 Cr – News18

State-owned Punjab National Bank (PNB) on Thursday posted an over three-fold enhance in its revenue to Rs 2,223 crore for the third quarter ended December 2023.

The financial institution had earned a internet revenue of Rs 629 crore in the identical quarter a 12 months in the past.

Its whole earnings elevated to Rs 29,962 crore in the course of the quarter underneath assessment towards Rs 25,722 crore in the identical interval final 12 months, PNB stated in a regulatory submitting.

The financial institution’s curiosity earnings rose to Rs 27,289 crore in comparison with Rs 22,384 crore within the third quarter of the earlier fiscal.

Its gross non-performing property (NPAs) declined to six.24 per cent of the gross loans on the finish of December 2023 from 9.76 per cent a 12 months in the past.

Similarly, internet NPAs or unhealthy loans got here right down to 0.96 per cent from 3.30 per cent on the finish of the third quarter of the earlier fiscal.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)