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News Topical, Digital Desk : Public sector Punjab National Bank (PNB) reported a 13 percent year-on-year increase in net profit to Rs 5,100 crore in the third quarter of the current financial year. The company's net profit in the third (October-December) quarter of the previous financial year 2024-25 was Rs 4,508 crore.
PNB informed the stock exchange on Monday that the total income in the quarter under review increased year-on-year to Rs 37,253 crore, from Rs 34,752 crore in the same quarter of the previous financial year.
How much was the interest income?
Interest income also increased from Rs 31,340 crore to Rs 32,231 crore. On the asset quality front, the bank's gross NPA ratio declined to 3.19 percent from 4.09 percent year-on-year. Similarly, net NPA (or bad loans) declined to 0.32 percent from 0.41 percent.
Capital Adequacy Ratio increased to 16.77 percent in the third quarter of FY2025-26 compared to 15.41 percent year-on-year.
fall in the stock
PNB shares fell significantly today. The bank's stock was in the green until around 1:45 pm. However, it suddenly began to decline, falling to a low of ₹125.30. Ultimately, the bank's stock fell ₹3.90, or 2.95 percent, to close at ₹128.45 on the BSE.
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