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HindustanTimes Fri,29 Aug 2014

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

PTI  New Delhi, July 26, 2013
First Published: 12:25 IST(26/7/2013) | Last Updated: 12:28 IST(26/7/2013)

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.

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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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