The Pune-headquartered lender recorded 14.46 per cent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22, as per the published data of BoM.
Read more about Bank of India climbs on posting Q4 PAT at Rs Rs 250 cr on Business Standard. Bank of India rose 2.62% to Rs 82.30 after the public sector bank reported a net profit of Rs 250.19 crore in Q4 FY21 as against a net loss of Rs 3,571.41 crore in Q4 FY20.
India Business News: NEW DELHI: To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to.
Punjab & Sind Bank shares jump nearly 7% on Q4 profit
PTI
New Delhi |
Updated on
May 24, 2021
In Q4FY21, the state-run bank turned in a profit following eight consecutive quarters of losses
Shares of Punjab & Sind Bank on Monday jumped nearly 7 per cent as the company turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses. The stock rallied 6.60 per cent to ₹21.80 on the BSE. On the NSE, it jumped 6 per cent to ₹21.80. The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of ₹161 crore on the back of improvement in recoveries and decline in bad loans.