PNB Q2 net up 13.8% at Rs 575 crore

Asset quality worsens, gross NPA at 5.65% compared to 5.48% q-o-q

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%.