PNB Navigates Profit Decline with Strategic Tax Move
Published on: Aug. 4, 2025, 6:15 p.m. | Source: Devdiscourse
Punjab National Bank (PNB) anticipates maintaining its prior year's profit levels despite a 48% decline in Q1 net profit due to increased tax expenses. The bank's transition to a new tax regime is expected to save Rs 700 crore quarterly. PNB aims for Rs 30 lakh crore in business by fiscal year-end.
