State-owned Punjab National Bank on Monday reported 22% jump in standalone net profit at ₹621 crore for the quarter ending 30 September, 2020. It was ₹507 crore in the year-ago period.
Interest earned during the quarter rose 58% to ₹20,946 crore as against ₹13,292 crore in September 2019.4
The bank's total income during July-September rose to ₹23,438.56 crore as against ₹15,556.61 crore in the year-ago period, PNB said in a regulatory filing.
PNB's asset quality improved on a sequential basis. Gross non-performing assets (NPAs) during the quarter were at 13.43% of gross advances as against 14.11% in the June quarter. Net NPAs during the September quarter eased to 4.75% from 5.39% in the previous quarter.
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