The first Swadeshi bank in India is Punjab National Bank. The Government of India owns PNB, a bank that offers banking and financial services, and it is based in New Delhi. After IOB, it is the third-largest PSU in India.<\/p>\n\n\n\n
Punjab National Bank<\/a>\u2019s revenue in Q3FY23 rose 17% to \u20b9 25,722 crores. Consolidated Profit After Tax came at \u20b9 629 crores showcasing a 44% fall YoY over the corresponding period. In this quarter\u2019s\u00a0results<\/a>, the reports suggested that the decrease in profits are due to the significant increase in provisions other than tax that could be further broken down into NPAs and Depreciation etc.<\/p>\n","protected":false},"excerpt":{"rendered":" The first Swadeshi bank in India is Punjab National Bank. The Government of India owns PNB, a bank that offers banking and financial services, and it is based in New Delhi. After IOB, it is the third-largest PSU in India. Financial Results: Punjab National Bank\u2019s revenue in Q3FY23 rose 17% to \u20b9 25,722 crores. Consolidated […]<\/p>\n","protected":false},"author":1885,"featured_media":142213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1,6352],"tags":[151],"class_list":["post-142677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-finance-stocks","category-research-summary","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-531932522.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139508,"url":"https:\/\/alphastreet.com\/india\/punjab-national-bank-limited-q3fy23-44-fall-in-profits\/","url_meta":{"origin":142677,"position":0},"title":"Punjab National Bank Limited Q3FY23; 44% Fall in Profits","author":"Karan_Singh","date":"January 30, 2023","format":false,"excerpt":"Punjab National Bank\u2019s revenue in Q3FY23 rose 17% to \u20b9 25,722 crores. Consolidated Profit After Tax came at \u20b9 629 crores showcasing a 44% fall YoY over the corresponding period. In this quarter\u2019s\u00a0results, the reports suggested that the decrease in profits are due to the significant increase in provisions other\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-PNB.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-PNB.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-PNB.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-PNB.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/Q3FY23-PNB.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":163632,"url":"https:\/\/alphastreet.com\/india\/punjab-national-bank-q1fy25-193-rise-in-profits\/","url_meta":{"origin":142677,"position":1},"title":"Punjab National Bank Q1FY25; 193% rise in Profits","author":"Chirag Gupta","date":"August 6, 2024","format":false,"excerpt":"Punjab National Bank is India's first Swadeshi Bank. 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