Punjab National Bank

08 Jun

PNB: Net Profit in FY21 – Rs 2022-Cr

editor0 CommentsBusinessFY21, Punjab National Bank

Net Profit of Punjab National Bank (PNB) stood at Rs 2022-Crore during FY’21, according to its Financial Results for the quarter and Financial Year ended 31 March 2021. The Bank’s Operating Profit increased Y-o-Y by 28.4% to Rs 22980-Crore during FY21. Net Interest Income grew Y-o-Y by 1.9 % to Rs 6938-Crore during Q4FY21 and by 17 % to Rs 30477-Crore during FY’21. Total Income stood at Rs 22532-Crore during Q4 FY21 and at Rs 93562-Crore during FY’21. Total Expenditure declined by 27.5 % to Rs 16897-Crore during Q4 FY’21 and by 11.6 % to Rs 70582-Crore during FY’21. Gross…

05 Jun

Punjab National Bank posts a standalone profit of Rs 586 crore in Q4

editor0 CommentsBusinessPPNB, PSU, Punjab National Bank

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…