<p>New Delhi: State-owned Punjab National Bank (PNB) on Friday posted more than twofold jump in net profit at Rs 4,508 crore for the third quarter ended December 2024.</p>.<p>The bank had earned a net profit of Rs 2,223 crore in the same quarter a year ago.</p>.<p>Total income increased to Rs 34,752 crore from Rs 29,962 crore in the same period a year ago, PNB said in a regulatory filing.</p>.Nestle India December quarter profit up 4.94% to Rs 688 crore, sales up 3.9% to Rs 4,762.13 crore.<p>Interest income also rose to Rs 31,340 crore from Rs 27,288 crore.</p>.<p>On the asset quality front, the bank's gross non-performing assets ratio moderated to 4.09 per cent from 6.24 per cent a year ago.</p>.<p>Similarly, net NPAs, or bad loans, came down to 0.41 per cent from 0.96 per cent at the end of the third quarter last fiscal.</p>.<p>As a result, provisions for bad loans came down significantly to Rs 318 crore during the quarter from Rs 2,994 crore a year ago. </p>
<p>New Delhi: State-owned Punjab National Bank (PNB) on Friday posted more than twofold jump in net profit at Rs 4,508 crore for the third quarter ended December 2024.</p>.<p>The bank had earned a net profit of Rs 2,223 crore in the same quarter a year ago.</p>.<p>Total income increased to Rs 34,752 crore from Rs 29,962 crore in the same period a year ago, PNB said in a regulatory filing.</p>.Nestle India December quarter profit up 4.94% to Rs 688 crore, sales up 3.9% to Rs 4,762.13 crore.<p>Interest income also rose to Rs 31,340 crore from Rs 27,288 crore.</p>.<p>On the asset quality front, the bank's gross non-performing assets ratio moderated to 4.09 per cent from 6.24 per cent a year ago.</p>.<p>Similarly, net NPAs, or bad loans, came down to 0.41 per cent from 0.96 per cent at the end of the third quarter last fiscal.</p>.<p>As a result, provisions for bad loans came down significantly to Rs 318 crore during the quarter from Rs 2,994 crore a year ago. </p>