SBI Life and PNB released quarterly results, know who got how much profit and how much loss?
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Quarterly Result: The country’s government bank (Government Bank) PNB has released its quarterly results today. Apart from this, SBI life has also declared the results of the second quarter. Punjab National Bank’s net profit has increased by about 78 percent in the July-September quarter of the current financial year. At the same time, there has been a decline of about 17.7 percent in the net profit of SBI Life.
PNB released results
Public sector bank Punjab National Bank (PNB) reported a 78 percent increase in net profit to Rs 1,105 crore for the July-September quarter of the current financial year. The bank told the stock market on Wednesday that it had earned a net profit of Rs 620.81 crore during the same quarter of the last financial year. The total income of the bank declined to Rs 21,262.32 crore for the quarter ended September 2021, from Rs 23,279.79 crore in the same quarter of the previous financial year.
How much increased NPA?
The operating profit of the bank also declined to Rs 4,021.12 crore during July-September 2021 from Rs 5,674.91 crore in the corresponding period of the previous fiscal. During the quarter under review, the NPA of PNB Bank increased marginally to 13.63 per cent. It was 13.43 per cent in the corresponding quarter of the previous financial year.
Know how SBI Life results were?
Apart from this, SBI Life’s net profit declined by 17.7 per cent to Rs 247 crore in the second quarter of the current financial year ended September 30, 2021. The net profit of the company was Rs 300 crore during the same quarter of the previous financial year. The private sector insurance company said in the information given to the stock market on Wednesday that its net premium income increased to Rs 14,660.64 crore in the July-September, 2021 quarter, from Rs 12,857.95 crore in the corresponding period of the previous financial year. The total income of the same company during the quarter under review stood at Rs 25,404.10 crore, as against Rs 18,458.25 crore in the second quarter of the previous financial year.
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