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Informative
PNB Registers Highest Ever Quarterly Standalone Profit Of Rs 3252 Crores -
Update / Judgement Date
28 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
BankingFinancial ManagementPSU's AND Govt. Undertakings
Punjab National Bank (PNB) recorded its highest-ever quarterly standalone profit of ₹3,252 crores in Q1 FY25, driven by a reduction in bad loans and an increase in interest income. The bank's Net Interest Income (NII) grew by 10.23% to ₹10,476 crore. Gross Non-Performing Assets (NPAs) decreased to 4.98%, while net NPAs fell to 0.60%. PNB's total income rose to ₹32,166 crore, and provisions for bad loans dropped significantly to ₹792 crore compared to the previous year's ₹4,374 crore.
