Punjab National Bank has reported result for the fourth quarter and year ended March 31, 2015.
The bank has posted a fall of 61.98% in its net profit at Rs 306.56 crore for the quarter ended March 31, 2015 as compared to Rs 806.35 crore for the same quarter in the previous year. However, total income of the bank has increased by 7.66% at Rs 13455.65 crore for quarter under review as compared to Rs 12498.23 crore for the quarter ended March 31, 2014.
For the year ended March 31, 2015, the bank has posted a fall of 8.41% in its net profit at Rs 3061.58 crore as compared to Rs 3342.57 crore for the same period in the previous year. However, total income of the bank has increased by 9.22% at Rs 52206.09 crore for year under review as compared to Rs 47799.96 crore for the period ended March 31, 2014.
For the year ended March 31, 2015, on the consolidated basis, the bank has posted a fall of 6.01% in its net profit after tax at Rs 3399.6 crore as compared to Rs 3617.07 crore for the same period in the previous year. However, total income of bank has increased by 10.50% at Rs 54884.42 crore for year under review as compared to Rs 49668.43 crore for the period ended March 31, 2014.
