News > Punjab National Bank Q1: Profit more than doubles on lower provisions
Punjab National Bank Q1: Profit more than doubles on lower provisions
27/07/2024 06:42 PM | Click to read full article
Punjab National Bank's profit rose in the first quarter of fiscal 2025, beating analysts' estimates. The public sector lender's standalone net profit rose 159% year-on-year to Rs 3251.5 crore in the quarter-ended June. Analysts had estimated a net profit of Rs 2,954.68 crore. Net interest income, or core income, for the lender rose % year-on-year to Rs 10,476.3 crore. Other income for the lender increased 5.1% year-on-year to Rs 3,609.5 crore.