PNB posts surprise Q3 profit on lower provisioning for NPAs

Profit rose 7.2% to 246.5 crore in the December quarter, from 230 crore a year ago

BY GIREESH CHANDRA PRASAD
gireesh.p@livemint.com NEW DELHI
News


Punjab National Bank (PNB) swung to a net profit in the third-quarter of this fiscal, helped by lower provisioning for bad loans, after three consecutive quarters of losses. Profit at the second-largest state-run bank rose 7.2% to ` 246.5 crore in the...

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