PNB’s Q3 profit rises 13% to record Rs 5,100 crore; focus on RAM, loan recoveries

Punjab National Bank reported its highest-ever quarterly net profit of ₹5,100 crore for the December quarter, a 13% increase year-on-year. The bank aims for consistent quarterly profits exceeding ₹5,000 crore, driven by growth in retail, agriculture, and MSME sectors, along with new profit-generating verticals. PNB also made a significant floating provision for the ECL framework to strengthen its balance sheet.