BusinessPhoto: NDTV BusinessPNB Q2 Net Profit Rises 13% to ₹5,582 Crore; Asset Quality Improves
Punjab National Bank reported a 12.8% year-on-year rise in net profit to ₹5,532 crore for Q2 ending September 30, driven by strong core income growth and lower credit provisions. Net Interest Income grew 10.8% to ₹11,601 crore, and Net Interest Margin increased to 2.58%. Asset quality improved with GNPA ratio falling to 2.55%. Operating profit rose 4.2% to ₹7,532 crore.
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