Punjab National Bank profit of Rs. 202/- Crore I
Punjab National Bank loses 66% net profit
According to the state-owned Punjab National Bank, the bank’s net profit fell 66% to Rs. 202 / – crore. The bank said the decline was due to an increase in provisions. During the same quarter last year, the bank lost Rs. 586 / – crore was lost.
Total income declined during the quarter to Rs. 21,095 / – crore. In the same quarter last year, the amount was Rs. 21,386 crore. In FY 2021-22, net profit was Rs. 3456.96 crore as against Rs. 2021.62 crore.
