PNB Q1 Results: Net Profit Surges 159% to Rs 3,252 Crore, NII Up 10.23%

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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.

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)

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More

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