PNB: PNB raising guidance of net profit for year to Rs 7,500 crore, will retain NIM guidance: Atul Kumar Goel

Atul Kumar Goel, MD & CEO, PNB, says “we are revising the guidance of the net profit also because earlier, the guidance for net profit was Rs 6,000 crore. We have already achieved Rs 5,000 crore in the first nine months and in the last quarter, the net profit was Rs 2,223 crore. We are hopeful that our target for the whole of the year which was Rs 6,000 crore, will be in the range of Rs 7,500 crore. ROA further increased by 1% guidance at the exit of 2024-2025.”It has been a healthy quarter. There has been a decline in your slippages, your asset quality has improved. What led to this?Atul Kumar Goel: There was a lot of initiative in the last one and a half year and we have improved…
Read More…

Source: https://m.economictimes.com/markets/expert-view/pnb-raising-guidance-of-net-profit-for-year-to-rs-7500-crore-will-retain-nim-guidance-atul-kumar-goel/amp_articleshow/107247886.cms