 "PNB, Punjab national bank")
State-owned Punjab National Bank on Friday reported a net profit of Rs 506 crore for the quarter ended December 31, 2020 (Q3FY21). Sequentially, the profit declined 18.5 per cent. The lender had posted a profit of Rs 621 crore in the previous quarter (Q2FY21), and a standalone loss of Rs 492.28 crore during the corresponding period last year (Q3FY20).
The Delhi-based lender's net interest income -- the difference between interest earned through lending and interest paid to depositors -- came in at Rs 8,313 crore for the period under review . The NII had been Rs 8,393 crore during the
