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PNB sells 41% stake in High Mark to CRIF

04 Jul 2014 Evaluate

Punjab National Bank (PNB), the country’s largest lender, has sold 41% stake in High Mark Credit Information Services (High Mark) to CRIF and realized Rs 4.15 crore.

The bank posted a fall of 28.69% in its net profit at Rs 806.35 crore for the quarter ended March 31, 2014 as compared to Rs 1130.80 crore for the same quarter in the previous year. However, total income of the bank increased by 8.18% at Rs 12498.23 crore for quarter under review as compared to Rs 11552.84 crore for the quarter ended March 31, 2013.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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