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PNB reports 14% rise in Q2 net profit

21 Oct 2014 Evaluate

Punjab National Bank (PNB) has reported results for second quarter ended September 30, 2014.

The bank has posted a rise of 13.82% in its net profit at Rs 575.34 crore for the quarter ended September 30, 2014 as compared to Rs 505.49 crore for the same quarter in the previous year. Total income has increased by 11.93% at Rs 13020.46 crore for quarter under review as compared to Rs 11632.84 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) increased to 5.65% in the July-September quarter as against 5.14% in the same quarter previous year while net NPAs increased to 3.26%.

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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