PSU

Punjab National Bank posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March. Interest earned during the quarter raise 36 percent to Rs 18,789.53 crore from Rs 13,858.98 crore earlier. The second-largest PSU lender had reported a loss of Rs 697.20 crore in the January-March period of 2019-20. The financial numbers are not strictly comparable as Oriental Bank of Commerce and United Bank of India were merged with PNB effective April 1, 2020, the bank said. The PSU bank’s domestic net interest margin fell to 2.16 per cent in the fourth quarter of 2020-21 against 3.18…