PNB profit surges 307% to ₹1,255 cr
Financial Express Mumbai|July 27, 2023
THE NET PROFIT of Punjab National Bank surged 307% year-on-year to ₹1,255 crore in the April-June quarter, mainly due to a growth in its net interest income and an improvement in asset quality.
AJAY RAMANATHAN
PNB profit surges 307% to ₹1,255 cr

 

The state-owned bank had posted a net profit of ₹308 crore in the same period a year ago.

Net interest income, the difference between interest earned and interest expended, rose 26% y-o-y to ₹9,504 crore, the highest net interest income in 12 quarters.

The bank's gross domestic advances rose 14.7% y-o-y to ₹8.8 trillion as on June 30 due to a growth in retail advances.

Total retail advances rose 40.1% y-o-y to ₹2.1 trillion as on June 30. The bank's core retail advances, including vehicle, retail and personal loans rose 16.2% y-o-y.

هذه القصة مأخوذة من طبعة July 27, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 27, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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