Punjab National Bank posts 306% rise in net profit
Punjab National Bank (PNB) has reported an over 306% year-on-year rise in net profit to ₹207.18 crore for the quarter ended December. This is on account of lower provisioning for bad loans. The bank's CEO Usha Ananthasubramanian said that PNB has recently entered into a memorandum of understanding with the Postal Bank of India. 