PNB Q4 Results 2022: Punjab National Bank (PNB) reported a net profit of Rs 201.57 crore for the quarter ended March 31, 2022. It declined by more than 65 per cent year-on-year (YoY) versus Q4FY21’s post-tax profit (PAT) of Rs 586.33. cr, said in his filing with the state-run Bank Exchange.
For the financial year, net profit of Rs 3456.96 crore has been reported as against Rs 2021.62 crore.
The total separate revenue for the Q4 quarter of FY22 was Rs 21,095.17 crore as against Rs 21,386.01 crore reported in FY21, according to the exchange filing.
The interest earned during the reporting quarter stood at Rs 18645.12 crore as against Rs 18808.81 crore reported during the same period of FY21.
Total assets stood at Rs 1314805.01 crore in the reporting quarter as against Rs 1260632.62 crore in FY21 Q4.
Citi-headquartered lender asset quality shows improvement, with gross non-performing assets (GNPAs) falling to 11.78 percent of total growth by March 2022, from 14.12 percent a year earlier.
Net NPAs or bad loans also fell from 5.73 per cent to 4.8 per cent.
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However, the lender placed higher provisions for bad loans and subsidiaries in FY22 Q4 at Rs 4,851.47 crore, up from Rs 3,540.32 crore earlier.
The Board of Directors has recommended a dividend of Rs.
Results are announced after market time.
PNB shares ended at Rs 33.10 on the NSE, down 0.6 per cent from Tuesday’s close.
Input from PTI