PNB sees 12% decline in net profit; provisions up by 35%
While provisions and contingency stood at Rs 2533.76 crore, witnessing rise of 34.62% yoy but decline of 7.47% qoq. Gross non-performing assets (GNPA) stood at 13.63%, expanding by 727 basis point yoy but contracting by 12 basis points qoq.
Total advances of PNB for this period stood at Rs 3,93,730.90 crore, recording decline of 4.50% yoy but growth of 3.35% qoq. Photo: Youtube