By Malvika Gurung
Investing.com -- Punjab National Bank (NS: PNBK )
The state-owned lender’s standalone net profit rallied 122.6% YoY to Rs 1,126.78 crore in Q3. On a consolidated basis, its profit surged 96.5% YoY to Rs 1,150.49 crore.
PNB’s gross NPA and net NPA improved 2.7% to Rs 97,258.7 crore and 8.3% to Rs 36,9334 crore, YoY. However, its NII and total income declined 6.1% to Rs 7,803.2 crore and 5.3% to Rs 22,026 crore, YoY.
RBL Bank (NS: RATB )
The private lender’s profit climbed 6.1% to Rs 156.1 crore in Q3, YoY, majorly led by an 11.2% surge in NII for the quarter at Rs 1,010 crore, on a YoY basis.
A rise in the bank’s operations was witnessed in the quarter, as its total operating expenses increased by 46% to Rs 1,000 crore YoY.
Canara Bank (NS: CNBK )
The public sector bank’s net profit jumped 115.8% YoY to Rs 1,502 crore in Q3, exceeding the Street’s estimate.
Its gross NPA and net NPA were reduced in the quarter and provisions declined 33.2% YoY to Rs 2,245 crore. Its deposits grew 7.2% YoY and advances climbed 9.1% YoY.
Fino Payments Bank (BO: FINY )
The recently listed lender’s net profit surged 116% to Rs 14.1 crore YoY, backed by healthy income. The revenue gained 20% YoY to Rs 275.16 crore, as its subscription income grew 75%.
Other bank stocks including Kotak Mahindra Bank (NS: KTKM ), Central Bank of India (NS: CBI ), AU Small Finance Bank (NS: AUFI ), and Equitas Small Finance Bank (NS: EQUI ), among others will release their Q3 earnings results today.
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