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PNB eyeing nearly three-fold jump in net profit to Rs 6,000 crore during current fiscal

07 Jun 2021 Evaluate

Punjab National Bank (PNB) is eyeing a nearly three-fold jump in its net profit to Rs 6,000 crore during the current fiscal as the consolidation process is over. Despite COVID-19, the bank's profit surged over five times to Rs 2,022 crore during the financial year ended March 2021, against Rs 363.34 crore during 2019-20.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.


Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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