PNB Q4 RESULTS: NET PROFIT SURGES 160%, LENDER ANNOUNCES HIGHEST DIVIDEND PAYOUT IN NINE YEARS

Punjab National Bank on Thursday (May 9) reported 160% surge in its net profit to ₹3,010.27 crore in the fourth quarter of the financial year 2023-24.

The bank's gross non-performing assets (NPA) ratio stood at 5.73%, as against 6.24% a quarter ago, and 8.74% last year.

According to an exchange filing by the bank, the board has recommended a dividend of 75% on each stock. This is the highest dividend announced by PNB in the last 9 years.

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2024-05-09T09:17:56Z dg43tfdfdgfd