Punjab Nationwide Financial institution on Thursday reported a two-fold leap in standalone web revenue to ₹1,126.78 crore for the third quarter ended December, as unhealthy loans marginally declined.
Shares of Punjab Nationwide Financial institution (PNB) on Friday gained over 3 per cent after the corporate reported a two-fold leap in standalone web revenue for the third quarter ended December.
The inventory jumped 3.16 per cent to ₹42.40 on the BSE.
On the NSE, it gained 3.03 per cent to ₹42.40.
Punjab Nationwide Financial institution on Thursday reported a two-fold leap in standalone web revenue to ₹1,126.78 crore for the third quarter ended December, as unhealthy loans marginally declined.
The nation’s second-largest public sector lender had earned a web revenue of ₹506.03 crore within the year-ago interval.
Nonetheless, complete revenue throughout October-December 2021 declined to ₹22,026.02 crore, as towards ₹23,298.53 crore a yr in the past, PNB stated in a regulatory submitting.
On the asset high quality entrance, the financial institution witnessed slight enchancment by slicing its gross non-performing belongings (NPAs) as a share of gross advances to 12.88 per cent from 12.99 per cent by the identical interval a yr in the past.
In absolute worth, gross NPAs stood at ₹97,258.67 crore by the tip of December 2021, as towards ₹94,479.33 crore within the year-ago interval.
Nonetheless, the web NPA ratio rose to 4.90 per cent ( ₹33,878.56 crore), from 4.03 per cent ( ₹26,598.13 crore).
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