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Latest balance sheet of PNB is weak, and historically as well.
Yes, profit is increasing.
The profit of PNB is ₹15,898 Crs for TTM, ₹9,107 Crs for Mar 2024 and ₹3,348 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
PNB latest dividend payout ratio is 18.14% and 3yr average dividend payout ratio is 19.25%
Company has been allocating majority of new resources to productive uses like advances.