Punjab National Bank (PNB) reported a three-fold jump in its net profit to Rs 2,223 crore for the third quarter of the financial year 2023-24, compared to Rs 629 crore in the same quarter the previous year. The bank’s total income increased to Rs 29,962 crore during the quarter, up from Rs 25,722 crore in the same period the previous year. PNB’s gross non-performing assets (NPAs) declined to 6.24% of gross loans at the end of December 2023 from 9.76% a year ago.
PNB Q3 profit jumps three-fold to ₹2,223 crore; total income rises to ₹29,962 crore
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