State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
Punjab National Bank (PNB) has reported a 307% increase in its standalone net profit for the quarter ended June 30 at ₹1,255 crore against ₹308 crore in the year-ago period, mostly on account of a decline in bad loans and record increase in net interest income, or NII.