Punjab National Bank reports a 35.4% increase in Q4 net profit at Rs 3,010 crore, with a declining NPA ratio to 5.73%.
Punjab National Bank (PNB) reports a nearly three-fold increase in net profit at a 16-quarter high of Rs 3,010 crore in the March 2024 quarter. The bank's net profit jumped by 35.4% compared to the previous quarter. The bank's gross non-performing assets (NPA) ratio declined to 5.73% of total loans, down from 8.74% in the same quarter last year. PNB's Board of Directors recommends a dividend of Rs 1.50 per equity share for the year ended March 31, 2024, subject to requisite approvals.
May 09, 2024
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