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Friday, November 6, 2015

PNB net profit rises 8% to Rs 621 cr in Q2

Punjab National Bank today reported 8 per cent rise in standalone net profit to Rs 621.03 crore for the second quarter ended September 30, 2015—16.

The bank had posted net profit of Rs 575.34 crore in the same quarter of the previous financial year.

Interest earned was Rs 12,345 crore for the July-September quarter of the current fiscal, as against Rs 11,462 crore in the year-ago period.

The bank’s provisioning was higher at Rs 1,882 crore as opposed to Rs 1,768 crore a year ago.

PNB’s total income has increased from Rs 13,020.46 crore in July-September quarter of 2014-15 to Rs 13,701.93 crore for the same quarter of the current fiscal.

Source : Thehindubusinessline


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