PNB Q1 Results: Punjab National Bank reported a standalone net profit of Rs 1,675 crore for the June quarter, a 48% year-on-year decline due to a one-time tax expense. Despite the profit drop, total income increased by 15.7% to Rs 37,232 crore. Asset quality showed slight improvement, with gross and net non-performing assets easing marginally.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets