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Punjab National Bank today reported Q1 net profit of Rs 1,405 crore compared to Rs 1,275.3 crore in the year-ago period, an uptick of 10%.
The bank's asset quality worsened, with gross NPAs rising to 5.48% in the quarter compared to 5.25% sequentially. Net NPAs also rose to 3.02% from 2.85% q-o-q.
NII came in at Rs 4380 crore compared to Rs 3907 crore in the year-ago period.
Capital adequacy ratio (Basel-III) was unchanged at 11.52% q-o-q.
