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State-run Punjab National Bank on June 5 reported a net profit of Rs 586.33 crore for Q4 FY21.

The bank had reported a net loss of Rs 697.20 crore for the corresponding quarter of the previous fiscal.

“Net profit stood at Rs 2,022 crore during FY21. Operating profit increased Y-o-Y by 28.4 per cent to Rs 22,980 crore during FY21,” PNB managing director SS Mallikarjuna Rao said while speaking to media on FY21 fourth quarter numbers.

Net interest grew 1.9%: Punjab National Bank

Besides, net interest income grew YoY by 1.9 per cent to Rs 6,938 crore during Q4FY21 and by 17 per cent to Rs 30,477 crore during FY21.

“Total income stood at Rs 22,532 crore during Q4 FY21 and at Rs 93,562 crore during FY21,” the PNB MD said.

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