News > Punjab National Bank Q1: Profit more than doubles on lower provisions

Punjab National Bank Q1: Profit more than doubles on lower provisions

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.