Punjab National Bank (PNB) has announced a 213.6% year-on-year rise in net profit, reaching ₹5,253 crore for the quarter ending in June. This is a significant increase compared to the ₹1,675 crore profit recorded during the same timeframe last year. The major factor behind this profit growth was a substantial reduction in income tax expenses. Additionally, the bank saw its net interest income grow by 2%, climbing to ₹10,798 crore from the ₹10,578 crore reported in Q1FY26.
by shortkt.com✓