Punjab National Bank Q4 Net Profit to Rs 948 cr: Sharekhan

Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Banking sector. The brokerage house expects Punjab National Bank to report net profit at Rs 948 crore (up 87.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 83.5 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs 8,586 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 62% Y-o-Y (down 0.3 percent Q-o-Q) to Rs 6,372 crore.

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