PNB Q4 Results: Profit Zooms 160% To Rs 3010 Crore, NII Up 9%

Punjab National Bank reported a 160 percent surge in its net profit to Rs 3,010.27 crore in the fourth quarter of the financial year 2023-24.Net Interest Income (NII) increased to ₹10,363 Cr in Q4 FY’24 from ₹10,293 Cr in Q3 FY’24 and ₹9,499 Cr in Q4 FY’23 showing an improvement of 9.1% on Y-o-Y basis. During FY’24, NII rose by 16.2% to ₹40,083 Crore from ₹34,492 Crore in FY’23.GNPA ratio improved by 301 bps on Y-o-Y basis to 5.73% as on March’24 from 8.74% as on March’23.NNPA ratio improved by 199 bps from 2.72% as on March’23 to 0.73% as on March’24.The Board of Directors have recommended a dividend of ₹1.50 per equity share.Watch Exclusive Chat With Atul Kumar Goel, MD & CEO, PNB