PNB Q2 results: PAT jumps to Rs 4,306 cr, total income at Rs 34,447 cr

Quick Summary:

Punjab National Bank (PNB) on Monday reported more than two-fold jump in its profit at Rs 4,306 crore in the second quarter ended September 2024.

As regards asset quality, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 4.48 per cent of the gross loans by the end of September 2024 from 6.96 per cent a year ago.

The bank reported an interest income of Rs 29,875 crore during the quarter, higher than Rs 26,355 crore in the same period a year ago.

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Category: BusinessFinance

Markets: India

Topics: PNB results PNB Q2 income PNB Q2 results PNB Q2 profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 15:30:09 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23283403

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