PNB reported 44 % yoy fall in net profit at Rs 628.8 crore. provisions rose by 40 % to Rs 4,713 crore from Rs 3,353 crore YOY. GNPA
stands at 9.76 % down from 12.88 % yoy. Net NPA fell to 3.30 % from 4.90 %. Outstanding NPA was Rs 83,583. 9 crore, down from Rs 97,258.7 crore a year ago. Fresh slippages rose marginally to Rs 3,865 crore from Rs 3,831 crore a year ago.
Net interest income grew 17.6 % year on year to Rs 9,179 crore. Non-interest income grew by 23.6 % to Rs 3338 crore.
The bank's cost of deposits rose to 4.15 % from 4 % a year ago, while the yield on advances rose to 7.35 % from 7.29 %. The domestic net interest margin rose to 3.30 % for the December quarter from 3.01 %.
Retail Loan segment, grew 13.5 % year-on-year. Home loans rose 9.16 % and unsecured personal loans surged 40 % year-on-year. The corporate loan book also registered a healthy growth of 12.5 %.
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