PNB’s first quarter profit decreased to Rs 1675 crore, income increased to 37232 crore

0


PNB First Quarter Profit Decreased: Public sector Punjab National Bank (PNB) has a single net profit of the first quarter of the current financial year (2025-26) declined by 48 percent to Rs 1,675 crore. The bank earned a net profit of Rs 3,252 crore in the first quarter of the last financial year (2024–25). In a notice sent to the stock markets on Wednesday, PNB said that its total income in the quarter increased from Rs 32,166 crore to Rs 37,232 crore.Also Read: Very good news for PNB customers, no longer will have to be charged on savings accounts

Bank’s interest income also increased: During this period, the bank’s interest income also increased to Rs 31,964 crore, which was Rs 28,556 crore in the same quarter 1 year ago. The bank’s operational profit increased to Rs 7,081 crore as compared to Rs 6,581 crore in the same quarter 1 year ago. However, the tax expenditure of the bank doubled to Rs 5,083 crore in the quarter under review, while it was Rs 2,017 crore in the same period 1 year ago.Also Read: SBI, PNB and other banks gave adamant, enough cash in ATM and they completely smooth

Promotion quality improved: The quality of the bank’s assets has improved. By the end of the April-June quarter, the bank’s gross non-performing assets (NPAs) declined to 3.78 percent of the total debt, which was 4.98 percent in the same quarter 1 year ago. Similarly, the bank’s pure NPA or poor loan also came down to 0.38 percent, which was 0.6 percent in the same quarter 1 year ago. The provision and casual expenditure of the bank declined significantly to Rs 323 crore, whereas in the same period it was Rs 1,312 crore. (Language)

Edited by: Ravindra Gupta

Leave A Reply

Your email address will not be published.