PNB Stock Falls Despite Profit Growth; Provisions Surge, NII Misses Estimates

• Punjab National Bank (PNB) shares fell after Q3 results, despite a 13% rise in net profit to ₹5,100 crore, aided by higher other income.
• Net Interest Income (NII) declined by 4.5% year-on-year to ₹10,533 crore, missing CNBC-TV18 poll expectations.
• Provisions sharply increased to ₹1,150 crore in Q3 from ₹643 crore in the previous quarter.
• Asset quality improved marginally with Gross NPA at 3.19% and Net NPA at 0.32%.
• Net Interest Margins (NIMs) fell to 2.52% from 2.93% in the year-ago period.

Why It Matters: PNB's Q3 profit rose due to other income, but NII decline and surging provisions led to a stock fall.