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PNB records its highest ever quarterly profit of ₹3,252 crore
Millennium Post Delhi
|Delhi 28 July 2024
PNB had posted a net profit of Rs 1,255 crore in June quarter FY24
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Punjab National Bank (PNB) on Saturday reported its highest ever quarterly standalone profit at Rs 3,252 crore in April-June FY25 helped by decline in bad loans and improvement in interest income.
The state-owned bank had posted a net profit of Rs 1,255 crore in June quarter FY24.
This is the highest ever quarterly profit recorded by the bank on account of improvement in various parameters, including net interest income, recovery and CASA, Managing Director Atul Kumar Goel said.
Total income in the quarter rose to Rs 32,166 crore from Rs 28,579 crore in the same period a year ago.
The lender’s interest income also increased to Rs 28,556 crore from Rs 25,145 crore in the same quarter a year ago, as per a regulatory filing.
Net Interest Income (NII) increased to Rs 10,476 crore in Q1 FY25 from Rs 9,504 crore earlier, showing an improvement of 10.23 per cent.
This story is from the Delhi 28 July 2024 edition of Millennium Post Delhi.
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