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VERIFIEDET Finance·positive
Punjab National Bank eyes Rs 6,000 crore quarterly profit after record September earnings
AI Summary
- ·Punjab National Bank reported a record net profit of Rs 5,532 crore for the September quarter.
- ·The bank's core operating profit increased by approximately 29 percent year-on-year, despite Rs 1,000 crore in treasury losses.
- ·PNB anticipates achieving Rs 6,000 crore in net profit in future quarters, driven by strong operational performance and loan growth in retail, agriculture, and MSME sectors.