{"id":103134,"date":"2023-05-19T15:47:24","date_gmt":"2023-05-19T10:17:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103134"},"modified":"2023-05-19T15:47:26","modified_gmt":"2023-05-19T10:17:26","slug":"pnb-q4-results-net-profit-jumps-over-5-fold-to-rs-1159-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pnb-q4-results-net-profit-jumps-over-5-fold-to-rs-1159-cr\/","title":{"rendered":"PNB Q4 Results: Net profit jumps over 5-fold to Rs 1,159 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4066825953\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Punjab National Bank (PNB) on Friday reported over five-fold jump in its net profit to Rs 1,159 crore for the March 2023 quarter, helped by lower bad loans and a rise in interest income.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3171134331\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The state-owned bank had earned a standalone net profit of Rs 202 crore in the year-ago period.<\/p><p>During the quarter, the bank&#8217;s total income increased to Rs 27,269 crore from Rs 21,095 crore a year ago, PNB said in a regulatory filing.<\/p><p>Interest income grew to Rs 23,849 crore during the period under review against Rs 18,645 crore in the year-ago period.<\/p><div class=\"trade-content_5\" id=\"trade-133196972\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The bank&#8217;s board has recommended a dividend of Rs 0.65 per share or 32.5 per cent of Rs 2 face value out of the net profits for the year ended March 31, 2023.<\/p><p>Gross Non-Performing Assets (NPAs) were reduced to 8.74 per cent of gross advances as of March 31, 2023, from 11.78 per cent by the end of March 2022.<\/p><p>Net NPAs also came down to 2.72 per cent of the advances from 4.8 per cent at the end of 2022.<\/p><p>The fall in the bad loans ratio helped cut the provisions towards NPAs for Q4FY23 to Rs 3,625 crore compared to Rs 4,564 crore a year ago.<\/p><p>However, the bank reported a 27 per cent decline in net profit for the entire financial year 2022-23 to Rs 2,507 crore against Rs 3,457 crore in the same period a year ago.<\/p><div class=\"trade-after-content\" id=\"trade-4244822899\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Punjab National Bank (PNB) on Friday reported over five-fold jump in its net profit to Rs 1,159 crore for the March 2023 quarter, helped by lower bad loans and a rise in interest income. The state-owned bank had earned a standalone net profit of Rs 202 crore in the year-ago period. During the quarter, the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-103134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PNB Q4 Results: Net profit jumps over 5-fold to Rs 1,159 cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Punjab National Bank (PNB) on Friday reported over five-fold jump in its net profit to Rs 1,159 crore for the March 2023 quarter, helped by lower bad loans and a rise in interest income.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/pnb-q4-results-net-profit-jumps-over-5-fold-to-rs-1159-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNB Q4 Results: Net profit jumps over 5-fold to Rs 1,159 cr\" \/>\n<meta property=\"og:description\" content=\"Punjab National Bank (PNB) on Friday reported over five-fold jump in its net profit to Rs 1,159 crore for the March 2023 quarter, helped by lower bad loans and a rise in interest income.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/pnb-q4-results-net-profit-jumps-over-5-fold-to-rs-1159-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T10:17:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-19T10:17:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/pnb-bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/pnb-bank.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/pnb-q4-results-net-profit-jumps-over-5-fold-to-rs-1159-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/pnb-q4-results-net-profit-jumps-over-5-fold-to-rs-1159-cr\/\",\"name\":\"PNB Q4 Results: Net profit jumps over 5-fold to Rs 1,159 cr - 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