Public sector bank (PSU bank) stocks delivered a strong performance in the third quarter (Q3), reporting net profit growth of up to 56% on a year-on-year basis. The impressive results came on the back of better asset quality, lower bad loans, and steady loan growth.
PSU Banks
PNB Q3 Results: Net Profit Jumps 13% to ₹5,100 Crore, Asset Quality Improves
PNB Q3 Results: Punjab National Bank (PNB) posted a strong set of Q3 results, reporting a 13% year-on-year jump in net profit to ₹5,100 crore. The PSU bank’s performance was supported by healthy loan growth, improved asset quality, and better recovery from bad loans.