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PNB reports 10% rise in Q1 net profit

25 Jul 2014 Evaluate

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

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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