Punjab National Bank net profit drops 93% in Q3
Punjab National Bank reported a 93% fall in net profit to ₹51 crore for the quarter ended December from ₹775 crore in the year-ago period. The state-run bank was hit by a rise in net non-performing assets (NPAs) to 5.86% from 3.82% a year ago, and an over two-fold jump in provisions and fresh slippages (new stressed assets).