Punjab National Bank (PNB) has reported results for first quarter ended June 30, 2015.
The bank has reported 48.71% fall in its net profit at Rs 720.71 crore for the quarter as compared to Rs 1405.12 crore for the same quarter in the previous year. However, total income of the bank has increased by 4.73% at Rs 13432.05 crore for quarter under review as compared to Rs 12825.13 crore for the quarter ended June 30, 2014.
The bank’s gross non-performing assets (NPA) for the April-June quarter of the current fiscal has improved to 6.47%, as compared to 6.54% in previous quarter. Besides, bank’s Net NPA stood at 4.05% in Q1FY16.
