Bank
PNB Q3 profit jumps 4 fold to Rs 207 cr
NEW DELHI . Punjab National Bank yesterday posted four-fold jump in net profit at Rs 207 crore for the December quarter of current fiscal on account of increase in treasury income and decline in cost of deposits.
The bank had reported net profit of Rs 51 crore in the corresponding quarter of last fiscal. Profit during the quarter was driven by decline in cost of deposit, recovery of bad loans and rise in treasury income, PNB Managing Director Usha Ananthasubramanian said while announcing third quarter numbers here.
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