25-Jan-2024 05:50 PM
4320
New Delhi, Jan 25 (Reporter) Public sector Punjab National Bank (PNB) on Thursday reported a 253.41% jump in net profit at Rs 2,223 crore for the October-December quarter (Q3) of the current financial year 2023-24.
Net Interest Income (NII) of the bank increased by 12.13% year-on-year (YoY) to Rs 10,293 crore in Q3 of FY24.
Total income of PNB for Q3 FY’24 was at Rs 29,962 crore, up 16.5% year-on-year.
Gross non-performing asset ratio of the bank improved by 352 basis points on YoY basis to 6.24 % in Q3 of FY24 from 9.76% in the same quarter last year.
"Gross Non-Performing Assets (GNPA) were at Rs 60,371 crore as on December’23 as against Rs 83,584 crore as on December’22 declined by Rs 23,213 Crore on YoY basis," PNB said...////...