Punjab National Bank (PNB), has reported 2% increase in net profit at Rs.560.58 crore for the Q2, against Rs.549.36 crore in the corresponding quarter last year.

Net interest income rose by 3.49% on YoY basis to Rs.4015.18 crore against Rs.3879.85 crore in the same quarter previous year.

Gross non-performing assets (NPA) as a percentage of gross advances were lower at 13.31%.

Further, it has also reported improvement in its asset quality over previous year.

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