PNB Q1 Results: Net profit after tax jumps 159% YoY, NII rises 10%

Punjab National Bank saw a 159% rise in net profit to Rs 3,252 crore for the June 2024 quarter. Net interest income grew by 10% while total income increased by 12.5%. The GNPA ratio improved to 4.98%, and NNPA declined. The bank's global business and deposits also showed notable growth. Shares closed nearly 2% higher.