PNB reports four-fold jump in Q2 net profit to Rs 1,756 crore

Punjab National Bank (PNB) reported a significant increase in net profit to Rs 1,756.13 crore for the September quarter, primarily driven by higher interest income and reduced provisioning. Gross NPAs as percentage of total loans declined to 6.96 per cent at the end of September, from 10.48 per cent last year. Shares of PNB were...