PNB Q1 net profit up 2.4% at Rs 1,275.32 cr

  • PTI, New Delhi
  • |
  • Updated: Jul 26, 2013 12:28 IST

State-owned Punjab National Bank (PNB) on Friday posted 2.4% rise in net profit to Rs 1,275.32 crore for the first quarter ended June 30, 2013.

The bank had a net profit of Rs 1,245.67 crore during April-June quarter of the previous fiscal, PNB said in a regulatory filing to the stock exchanges.

Total income during the April-June quarter of the current fiscal increased to Rs 11,746.59 crore from Rs 11,721.97 crore in the year-ago period.

However, gross non performing assets (NPA) has gone up from 3.34% in the year-ago period to 4.84 per cent at the end of three months period ended June 30, 2013.

Shares of PNB were trading down by 5.94% at Rs 591 apiece on the BSE in the afternoon trade.

 

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