<p>New Delhi: Punjab National Bank (PNB) on Saturday reported more than two-fold jump in standalone net profit at Rs 3,252 crore for June quarter FY25 helped by decline in bad loans and improvement in interest income.</p>.<p>The state-owned bank had posted a net profit of Rs 1,255 crore for the year-ago period.</p>.<p>Total income in the quarter rose to Rs 32,166 crore from Rs 28,579 crore, PNB said in a regulatory filing.</p>.<p>The lender's interest income also increased to Rs 28,556 crore from Rs 25,145 crore in the same quarter a year ago.</p>.ICICI Bank Q1 profit rises 10 pc to Rs 11,696 cr.<p>Gross Non Performing Assets (NPAs) declined to 4.98 per cent of gross advances by June 2024 from 7.73 per cent in the same quarter a year ago.</p>.<p>Net NPAs too declined to 0.60 per cent from 1.98 per cent.</p>.<p>As a result, provisions for bad loans came down drastically to Rs 792 crore in April-June FY25 as against Rs 4,374 crore in the year-ago period.</p>.<p>On a consolidated basis, the bank reported a net profit of Rs 3,976 crore in the quarter under review as against Rs 1,342 crore a year ago.</p>.<p>The consolidated financial result of the bank comprises five subsidiaries and 15 associates.</p>.<p>The capital adequacy ratio of the bank improved to 15.79 per cent at the end of June 2024 compared to 15.54 per cent in the year-ago period. </p>
<p>New Delhi: Punjab National Bank (PNB) on Saturday reported more than two-fold jump in standalone net profit at Rs 3,252 crore for June quarter FY25 helped by decline in bad loans and improvement in interest income.</p>.<p>The state-owned bank had posted a net profit of Rs 1,255 crore for the year-ago period.</p>.<p>Total income in the quarter rose to Rs 32,166 crore from Rs 28,579 crore, PNB said in a regulatory filing.</p>.<p>The lender's interest income also increased to Rs 28,556 crore from Rs 25,145 crore in the same quarter a year ago.</p>.ICICI Bank Q1 profit rises 10 pc to Rs 11,696 cr.<p>Gross Non Performing Assets (NPAs) declined to 4.98 per cent of gross advances by June 2024 from 7.73 per cent in the same quarter a year ago.</p>.<p>Net NPAs too declined to 0.60 per cent from 1.98 per cent.</p>.<p>As a result, provisions for bad loans came down drastically to Rs 792 crore in April-June FY25 as against Rs 4,374 crore in the year-ago period.</p>.<p>On a consolidated basis, the bank reported a net profit of Rs 3,976 crore in the quarter under review as against Rs 1,342 crore a year ago.</p>.<p>The consolidated financial result of the bank comprises five subsidiaries and 15 associates.</p>.<p>The capital adequacy ratio of the bank improved to 15.79 per cent at the end of June 2024 compared to 15.54 per cent in the year-ago period. </p>