New Delhi, May 10 -- Public sector lender Punjab National Bank (PNB) Thursday reported an impressive growth in net profit at 159.8% YoY to Rs 3,010.27 crore in Q4FY24 compared to Rs 1,159 crore in the corresponding period last year.

Sequentially, the banks net profit grew by 35.4% to Rs 3,010 crore in Q4FY24 from Rs 2,223 crore in Q3 FY24.

For the entire FY24, PNBs net profit rose to Rs 8,245 crore recording a robust growth of 228.8% against Rs 2,507 crore posted during FY23.

The banks Board of Directors have recommended a dividend of Rs 1.50 per equity share (75%) for the year ended March 31, 2024 subject to requisite approvals.

Return on Assets (RoA) improved to 0.77% in Q4 FY24 from 0.58% in Q3 FY24 and 0.32% in Q4 FY23.

RoA impro...