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Punjab National Bank today posted a Q2 net profit of Rs 575.3 crore compared to Rs 505.5 crore in the year-ago period, an uptick of 13.8%.
The bank's asset quality worsened, with gross NPA coming in at 5.65% compared to 5.48% q-o-q. Net NPA was at 3.26% compared to 3.02% in the previous quarter.
Net interest income was up 3.4% at Rs 4,151 crore in the quarter.
PNB's capital adequacy ratio (Basel-III) came in at 11.79%.
