PNB Housing Finance net profit up 48%, asset quality improves
The company’s net profit stood at ₹347 crore during the quarter, up from ₹235 crore a year ago. Net interest income rose 70% year-on-year and 6% quarter-on-quarter to ₹629 crore. The gross non-performing assets (NPA) ratio as of June 30, 2023, was 3.76%, down from 6.35% in the corresponding period last year.
