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PNB Rises Amid Bad Loan Troubles; Sees Income Increase
May 18, 2017
As most public and private sector banks are busy dealing with bad loans problems, PNB may serve as a shining example of doing the things the right way as it reported a net profit of Rs. ‘292 crores in the March Quarter infiscal 2016-17.
Apart from the massive improvement in the net profit earnings, PNB also reported a 68% jump in its other income which stood at Rs. 3,103crores and a 33% jump inthe net interest income which stood at Rs. 3,684 crores. The lender has also made a good recovery in the area of NPAs asthey stood at 7,91%, down by 28 BPS.
