Punjab National Bank posts Rs 586 cr profit in Q4 ...Middle East

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State-owned Punjab National Bank (PNB) on Friday posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March, aided by good increase in interest income. The second largest public sector lender had reported a loss of Rs 697.20 crore in January-March period of 2019-20. The bank's total income during the March quarter rose to Rs 22,531.73 crore from Rs 16,388.32 crore in the year-ago period. Interest earned during the quarter rose by 36 per cent to Rs 18,789.53 crore from Rs 13,858.98 crore earlier, PNB said in a regulatory filing. During the quarter, the bank earned an operating profit of Rs 5,634.31 crore as against Rs 3,932.28 crore. The financial numbers are not strictl

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