Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore

The country's second largest lender had posted a net profit of Rs 308 crore in the year-ago period.

State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.

The country's second largest lender had posted a net profit of Rs 308 crore in the year-ago period.

Total income in the first quarter of the current fiscal rose to Rs 28,579 crore as against Rs 21,294 crore, PNB said in a regulatory filing.