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PNB profit rises 159% to ₹3,252 cr; to raise ₹5K cr
The Morning Standard
|July 28, 2024
THE third-largest public sector lender Punjab National Bank (PNB) has posted a record 159% year-on-year rise in net income at 3,252 crore for the June quarter-the highest since the amalgamation of Oriental Bank and United Bank of India in April 2020 boosted by all-round performance including healthy asset quality and higher loan sales.
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In the year ago period, the bank had booked just 1,255 crore in net profit, weighed down by poor assets quality.
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