PNB targets ₹20,000 cr profit by FY27 with strong growth
Punjab National Bank aims for a net profit of ₹20,000 crore by FY27, building on last year's profit of ₹16,904 crore. The bank has consistently reported over ₹5,000 crore in quarterly profits, indicating strong growth potential.
after close1 source ↓written by the desknot a recommendation
- quarterly earnings exceeding
- ₹5,000 crore
- Previous year's profit
- ₹16,904 crore
Punjab National Bank aims to achieve net profit of ₹20,000 crore by FY27, driven by consistent quarterly earnings exceeding ₹5,000 crore. The bank's MD and CEO, Ashok Chandra, expressed confidence in maintaining this trend, bolstered by profitable growth across the banking sector. This outlook may enhance investor sentiment in public sector banks.
• Previous year's profit: ₹16,904 crore
• Quarterly profit run rate: ₹5,000 crore
Not investment advice. For informational purposes only.