PNB Q3 Profit Jumps 13% to Rs 5100 Crore, Income Up 7%; NPA Declines

• Punjab National Bank (PNB) reported a standalone net profit of Rs 5100.15 crore in Q3 FY25, a 13% increase year-on-year.
• Total income for the quarter rose by 7% to Rs 37253.08 crore.
• Net Interest Income (NII) decreased by 4.5% to Rs 10,533 crore, and Net Interest Margin (NIM) fell to 2.52%.
• Asset quality improved significantly with Gross NPA ratio decreasing to 4.09% and Net NPA ratio to 0.32%.
• PNB's share price declined by 3% on January 19, closing at Rs 128.05, despite strong quarterly results.

Why It Matters: PNB's Q3 FY25 saw a 13% profit surge and improved asset quality, though NII and share price dipped.