Punjab National Bank (PNB) announced a two-fold increase in standalone net profit for the third quarter ended December at Rs 1,126.78 crore on Thursday. In the previous financial year, the state-owned bank had a net profit of Rs 506.03 crore. However, total income fell to Rs 22,026.02 crore in October-December 2021, down from Rs 23,298.53 crore the previous year, according to PNB’s regulatory statement.
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