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Punjab National Bank reports 43% fall in Q3 consolidated net profit
Jan-30-2023

Punjab National Bank has reported results for third quarter ended December 31, 2022.

The bank has reported fall of 44.19% in its net profit at Rs 628.88 crore for Q3FY23 as compared to Rs 1126.78 crore for the corresponding quarter previous year. However, total income of the bank increased by 16.78% to Rs 25,722.40 crore for the quarter under review as compared to Rs 22026.02 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported fall of 42.63% in its net profit at Rs 660.06 crore for Q3FY23 as compared to Rs 1,150.49 crore for the same quarter in the previous year. However, total income of the bank increased by 17.32% to Rs 26,133.53 crore for the quarter under review as compared to Rs 22,275.40 crore for the same quarter in the previous year.

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