New Delhi, July 18 -- State-owned Punjab National Bank (PNB) on Saturday reported a more than three-fold jump in its standalone net profit for the first quarter of FY27, aided by steady growth in advances, improved asset quality and a healthy rise in core operating earnings, even as net interest income witnessed only modest growth.

The bank's net profit surged 213.6 per cent year-on-year to Rs 5,253 crore in the April-June quarter, compared with Rs 1,675 crore in the corresponding period last year. Operating profit rose 6.2 per cent to Rs 7,519 crore, while net interest income (NII) increased 2.1 per cent year-on-year to Rs 10,798 crore.

The results indicate that while core interest income growth remained moderate, the bank continued to...