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PNB Q3 results: Net profit at Rs 506 crore, NII at Rs 8,313 crore

The bank's gross non-performing assets (NPAs) reduced to 12.99 per cent for the quarter ended December 2020

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1 min read Last Updated : Feb 05 2021 | 9:06 PM IST

State-owned Punjab National Bank on Friday reported a net profit of Rs 506 crore for the quarter ended December 31, 2020 (Q3FY21). Sequentially, the profit declined 18.5 per cent. The lender had posted a profit of Rs 621 crore in the previous quarter (Q2FY21), and a standalone loss of Rs 492.28 crore during the corresponding period last year (Q3FY20).

The Delhi-based lender's net interest income -- the difference between interest earned through lending and interest paid to depositors -- came in at Rs 8,313 crore for the period under review . The NII had been Rs 8,393 crore during the

Topics : Punjab National Bank Q3 results public sector banks

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