PNB Q1 net profit up 62 per cent at Rs 832 crore | business | Hindustan Times
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PNB Q1 net profit up 62 per cent at Rs 832 crore

State-run lender Punjab National Bank reported 62.39 per cent growth in net profit at Rs 832.05 crore for the first quarter ended June 30, 2009.

business Updated: Jul 29, 2009 12:41 IST

State-run lender Punjab National Bank reported 62.39 per cent growth in net profit at Rs 832.05 crore for the first quarter ended June 30, 2009.

Total income of the country’s second largest PSU lender increased to Rs 6,177.58 crore during the April-June quarter, from Rs 4,594.62 crore in the corresponding period a year-ago, PNB said in a filing to the Bombay Stock Exchange (BSE).

Interest income rose 26 per cent to Rs 5,207.42 crore during the June quarter, while the interest expenditure stood at Rs 3,345.61 crore, up 24 per cent over the year-ago period.

Shares of PNB were trading at Rs 741.50, up 2.62 per cent in morning trade on the BSE.