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.