InvestorQ : What was the reason for solid results in the June quarter from PNB?
manisha Kolvenkar made post

What was the reason for solid results in the June quarter from PNB?

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Crowny Pinto answered.
4 months ago
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Punjab National Bank saw profits grow by 231% at Rs.1,023 crore for the Jun-21 quarter. Its net interest income or NII increased by 6.5% at Rs.7,226 crore while NIM improved by 23 bps to 2.73%. Provisions for NPAs dropped by 32% in Jun-21 quarter. The only concern was gross NPAs higher by 22 bps at 14.33% but provision coverage at 80.26% gives some breathing space to the bank.

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