Punjab & Sind Bank reported 32.28% decline in net profit for the third quarter ended December 31, 2011 at Rs 91.63 crore against Rs 135.30 crore for the same quarter previous year. Total income of the company has increased by 29.72% to Rs 1,754.44 crore for the quarter under review from Rs 1,352.48 crore for the same quarter previous year.
The bank’s gross NPA for the December quarter of the current fiscal stood at 1.28%, while the same was at 0.91% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s Net NPA stood at 0.88% as compared to 0.44% in the same quarter of the previous year.
