PNB records over 6% rise in net profit | india | Hindustan Times
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PNB records over 6% rise in net profit

india Updated: Nov 05, 2007 03:03 IST

The Punjab National Bank posted a 6.63 per cent rise in net profit at Rs 538.48 crore for the quarter ended September 30, against Rs 504.99 crore for the same period last fiscal. The total income of the bank stood at Rs 3,930.89 crore for the second quarter of this fiscal, compared to Rs 3059.19 crore registered in the corresponding period of the previous fiscal, posting a rise of 28.49 per cent, PNB said in a release.

NTPC net sales up

Net sales of NTPC Limited have grown by 11.54 per cent to Rs 16975.67 crore for the half year as compared to Rs 15218.87 crore in the corresponding period last year. For the second quarter ended 2007 the company has reported net sales of Rs 8016.86 crore as compared to Rs 7724.30 crore during the same quarter previous year.

Profit up 35-fold

Mangalore Refinery & Petrochemicals Ltd (MRPL) has posted a whopping 35-fold increase in profits to Rs 331.74 crore for the quarter ended September 30, compared to Rs 9.29 crore for the corresponding quarter last year. However, the total income decreased by 4.85 per cent during the same quarter last fiscal.

International recognition

In an international recognition for India, Powergrid chairman and managing director R.P. Singh was nominated the first President of Very Large Power Grid Operators (VLPGO) for the year 2007-08. Brazil, Korea, Russia, USA, China, Italy and Japan were the countries represented in this meet.

Bank’s growth

Bank of Baroda has posted a 13.5 per cent growth in its net profit at Rs 327 crore in Q2 FY08 as compared to Rs 288.4 crore in the corresponding period last year.


Rana Som took over as Chairman-cum-Managing Director of National Mineral Development Corporation Limited (NMDCL) on 2 November 2007. Som had been a functional director on the board of Hindustan Copper Limited and the State Trading Corporation of India Limited since November 2000.