PNB’s total income during the July-September period was Rs 23,001 crore against Rs 21,262.3 crore a year ago, the lender said in an exchange filing. Its interest income during the quarter was Rs 20,154 crore against Rs 17,980.4 crore reported last year. However, its net interest income showed an increase to Rs 8,271 crore in July-September which is a 30.2 per cent increase from the same quarter last year.
The bank’s asset quality showed an improvement with gross NPAs as a percentage of gross advances dropping to 10.48 per cent from 13.63 per cent a year ago. Net NPAs stood at 3.80 per cent from 5.49 per cent a year ago and 4.28 per cent a quarter ago.
On a consolidated basis, including financial results of five subsidiaries and 15 associates, the bank recorded a net profit of Rs 363.7 crore in the July-September period against a profit of Rs 1,200 crore reported in the same quarter a year ago.
The lender said the Covid-19 pandemic adversely impacted economic activity across the globe, including the Indian economy for more than two years. However, the bank's results, operations, and asset quality have not been much affected because of the pandemic.
Advances by the bank grew 15 per cent YoY on account of a rise in agricultural loans and MSME loans. In the retail credit segment, personal loan and vehicle loan had the highest growth by 36.4 per cent and 35.3 per cent respectively.
The capital adequacy ratio (CAR) of PNB was at 15 per cent as on September 30, comfortably above the regulatory requirement.
 "Punjab National bank")