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Economy & Business

PNB Q3 net profit falls 44% to 629 crore

The Hawk
January30/ 2023

New Delhi: On Monday, Punjab National Bank (PNB) said that its standalone net profit for the quarter ending in December had decreased by 44 percent, to Rs 629 crore.

In the prior-year period, the state-owned bank had posted a net profit of Rs 1,127 crore.

According to a regulatory filing, PNB reported a rise in income from October through December of 2022, from Rs 22,026 crore to Rs 25,722 crore.—Inputs from Agencies