PNB Q3’s profit has increased by more than double, reaching 4,508 rupees, core income help

New Delhi, January 31st (PTI) State -owned Punjab National Bank (PNB) on Friday on Friday BleakAs of the third quarter of December 2024, 4.588 million, with the decline in non -performing loans and the increase in core revenue.

The bank has won net profit BleakThe same quarter in the same quarter a year ago was 22.23 million.

Total income increases to BleakFrom 3475.2 billion BleakPNB said at 29.662 billion US dollars in the same period a year ago.

Interest income also increases Bleak31,34 million million BleakThe third quarter of the previous finance was 272.88 million.

Interest income (NII) increases to BleakIn the third quarter, 1103.2 billion BleakPNB MD and CEO ASHOK CHANDRA said in media interaction that in the third quarter, the third quarter was 1029.3 million, showing an increase of 7.2 %.

In terms of asset quality, the bank’s total non -performing asset ratio decreased from 6.24 % a year ago to 4.09 %.

Similarly, net NPA or non -performing loans fell from 0.96 % to 0.41 % from the end of the third quarter of the last fiscal year.

As a result, the rules of bad loans have been greatly reduced Bleak318 million in the quarter Bleak2994 million a year ago.

Regarding the recovery of a technically canceled account, Chandella said that the bank’s goal is to double the goal BleakThe fourth quarter was 16 billion.

He said that in the third quarter, the bank has recovered Bleak823 million.

The net interest profit margin is expected to reach 2.9-3 % in this fiscal year.

As of December 31, 2024, the supply coverage (including technology) increased to 96.77 %, from 94.28 % a year ago. The bank’s total business increased by 15.25 % Bleak26,39,991 million Bleak22,900,742 million.

The growth rate of deposit is 15.58 % Bleak15,29999 million, while progress increased by 14.79 % BleakAs of December 31, 2024, $ 11,29.2 billion.

The capital adequacy ratio also increased to 15.41 %, compared with 14.63 % in December 2023.

At the same time, PNB increased the marginal cost of fund -based loan -based loan interest rates (MCLR) in all male treble.

PNB said in the regulatory document that the new rate will take effect from February 1.