Latest News | PNB Shares Down over 1 Pc as Q1 Profit Slips

New Delhi, Jul 30 (PTI) Shares of Punjab National Bank (PNB) fell by over 1 per cent on Wednesday after the bank posted a 48 per cent fall in standalone net profit for the June quarter.

The stock dipped 1.10 per cent to settle at Rs 108.10 apiece on the BSE. During the day, it dropped 1.60 per cent to Rs 107.55.

Also Read | New UPI Rules Effective From August 1, 2025: From Daily Balance Check Limits to Autopay Timing Restrictions, List of Key Changes for People Using GPay, PhonePe, Paytm and More.

On the NSE, shares of the firm edged lower by 1.07 per cent to Rs 108.11 each.

Punjab National Bank on Wednesday reported a 48 per cent decline in standalone net profit at Rs 1,675 crore for the quarter ended June 30, 2025, on higher tax expenses.

Also Read | Pradhan Mantri Fasal Bima Yojana 2025 Deadline: Who Can Apply, Documents Required and How To Claim PMFBY Crop Insurance Before July 31.

The state-owned bank had posted a net profit of Rs 3,252 crore in the year-ago period.

Total income in the quarter under review rose to Rs 37,232 crore, from Rs 32,166 crore, PNB said in a regulatory filing.

The lender's interest income also increased to Rs 31,964 crore against Rs 28,556 crore in the same quarter a year ago.

During the period, the operating profit of the bank rose to Rs 7,081 crore as compared to Rs 6,581 crore a year ago.

However, tax expenses during the quarter more than doubled to Rs 5,083 crore against Rs 2,017 crore in the year-ago period.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)