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PNB Net Profit Surges 52% as Provisions Fall
Financial Express Pune
|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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