New Delhi, Feb 5 (SocialNews.XYZ) State-run Punjab National Bank (PNB) reported a net profit of Rs 506 crore during the third quarter (Q3) ended December 31, 2020.
The bank had reported a net loss of Rs 492.28 crore during the corresponding quarter of the previous fiscal.
However, the net profit declined on a sequential basis from Rs 621 crore reported for Q2FY21 to Rs 506 crore in Q3FY21.
The bank's net interest income grew 28 per cent to Rs 8,313 crore during the quarter under review on a year-on-year basis.
In terms of asset quality, the Gross Non Performing Assets (GNPA) declined to Rs 94,479 crore as in December 2020 from Rs 96,314 crore as in September 2020.
Similarly, the Net Non Performing Assets (NNPA) declined to Rs 26,598 crore as in December 2020 from Rs 30,920 crore as in September 2020.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
