Punjab Nationwide Financial institution internet surges three-fold in quarter 3 | India Enterprise Information

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Punjab Nationwide Financial institution internet surges three-fold in quarter 3 | India Enterprise Information

Punjab Nationwide Financial institution (PNB) has reported over three-fold soar in internet revenue to Rs 2,223 crore within the Dec quarter – the best within the final 15 quarters – on the again of upper curiosity earnings and improved asset high quality. The financial institution had earned a internet revenue of Rs 629 crore in the identical quarter a yr in the past. Its whole earnings elevated to Rs 29,962 crore in the course of the quarter below assessment in opposition to Rs 25,722 crore in the identical interval final yr, PNB stated.