Punjab National Bank (PNB) has reported results for first quarter ended June 30, 2014.
The bank’s net profit for the quarter rose by 10.17% at Rs 1405.12 crore as compared to Rs 1275.32 crore for the quarter ended June 30, 2013. Its total income has increased by 9.18% to Rs 12825.13 crore for the quarter under review from Rs 11746.59 crore for the corresponding quarter of the previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal stood at 5.48%, as compared to 4.84% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 3.02% in Q1FY15