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PNB Net Profit Surges 52% as Provisions Fall
Financial Express Hyderabad
|May 08, 2025
PUNJAB NATIONAL BANK on Wednesday reported a 51.7% year-on-year jump in its net profit to ₹4,567 crore for the fourth quarter of the previous financial year, helped by a sharp fall in provisions for bad loans and an increase in other income.
The bottom line beat expectations as analysts polled by Bloomberg had estimated the bank to post a ₹4,164-crore net profit in the quarter.
Addressing the post-earnings press conference, MD and CEO Ashok Chandra said the committee of creditors (CoC) of Bhushan Power and Steel is expected to meet in two-three days to discuss the course of action following the Supreme Court's ruling on JSW Steel's resolution plan.
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Financial Express Hyderabad
Quick-comm workers strike
DELIVERY WORKERS FROM major quick commerce platforms went on strike across several cities on Wednesday, in a protest against falling earnings and what they describe as deteriorating working conditions in the fast-growing sector, reports Anees Hussain.
1 min
December 26, 2025
Financial Express Hyderabad
Japan to unveil record 122-trillion-yen budget for FY26
JAPANESE PRIME MINISTER Sanae Takaichi's government plans to unveil a record initial budget for the fiscal year starting in April, increasing outlays at a faster pace than inflation.
1 mins
December 26, 2025
Financial Express Hyderabad
Navi Mumbai airport starts flight operations
COMMERCIAL FLIGHT OPERATIONS commenced on Thursday at the Navi Mumbai International Airport, adding fresh capacity to the Mumbai Metropolitan Region’s constrained aviation network.
1 min
December 26, 2025
Financial Express Hyderabad
Native-language AI gains ground in startup hirings
Multiple language tools give access to a larger talent pool headline
1 min
December 26, 2025
Financial Express Hyderabad
Aircraft deliveries to pick up pace in 2026
INDIAN CARRIERS MAY SEE ARRIVAL OF 140 PLANES
1 min
December 26, 2025
Financial Express Hyderabad
Rate transmission to NBFCs still in slow zone
PASS-THROUGH INCOMPLETE DESPITE FUNDING DIVERSIFICATION
2 mins
December 26, 2025
Financial Express Hyderabad
Bangla PM hopeful returns from exile
BANGLADESH NATIONALIST PARTY acting Chairman Tarique Rahman returned from nearly 17 years in exile on Thursday, a homecoming the party hopes will energise supporters with Rahman poised to be the top contender for prime minister in February.
1 min
December 26, 2025
Financial Express Hyderabad
Repeat after me: Never, ever underestimate China
FROM US PRESIDENT Donald Trump's trade war to AI developments, 2025 has been full of dramatic twists and turns.
2 mins
December 26, 2025
Financial Express Hyderabad
Engg exports recover on markets rejig
Europe, Southeast Asia help shipments bounce back in Nov
1 mins
December 26, 2025
Financial Express Hyderabad
Reflections on 100 years of RSS
RELIGIOUS SAMSKARAS, 'INDIAN-NESS', AND HINDUTVA HAVE SOCIAL ROOTS AND CONTRIBUTE TO RSS INFLUENCE
4 mins
December 26, 2025
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