PNB Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters
NDTV
The bank's net interest income grew about 20 per cent to Rs 9,923 crore during the second quarter of current fiscal, while operating profit grew 12 per cent to Rs 6,216 crore.
Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter - the highest in the previous 14 quarters - on the back of higher interest income and improved credit quality.
The bank's net interest income grew about 20 per cent to Rs 9,923 crore during the second quarter of current fiscal, while operating profit grew 12 per cent to Rs 6,216 crore.
Punjab National Bank MD & CEO Atul Kumar Goel said credit cost will reduce in the coming quarters and profitability of the bank will increase.
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