Punjab National Bank (PNB) announced a remarkable 160% surge in net income for the March quarter, reaching Rs 3,010 crore, attributed to enhanced asset quality and increased loan disbursals. The New Delhi-based bank also reported a robust 228.8% growth in net income for the full year ending March 2024, reaching Rs 8,245 crore from Rs 2,507 crore in FY23. The bank’s gross non-performing assets (NPAs) decreased to 5.73% from 8.74% a year ago, while net NPAs plummeted to 0.73% from 2.72% during the same period.