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PNB reports steady profit growth supported by core income
PNB posted higher Q3 profit as improved core income and stable asset quality supported earnings momentum during the quarter.
Punjab National Bank reported improved earnings for the December quarter as operating performance remained stable. Net profit rose 13% year on year to Rs 5,100 crore, supported by higher net interest income and controlled credit costs. Asset quality trends showed gradual improvement, while management highlighted steady loan growth and capital adequacy as key the factors supporting the bank’s overall financial position.