Punjab National Bank reports 8% rise in Q2 net profit

Punjab National Bank | Bank - Public | BFSI | BSE: 532461 | NSE: PNB

06 Nov 2015 Evaluate

Punjab National Bank (PNB) has reported results for second quarter ended September 30, 2015.

The bank has reported 7.94% rise in its net profit at Rs 621.03 crore for the quarter ended September 30, 2015 as compared to Rs 575.34 crore for the same quarter in the previous year. The bank’s total income has increased by 5.23% to Rs 13701.93 crore for the quarter under review from Rs 13020.46 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) of the bank have increased to 6.36% for the quarter as against 5.65% in the same quarter previous year. Besides, bank’s Net NPA stood at 3.99% in Q2FY16.

Peers

Company Name	CMP
State Bank Of India	991.10
PNB	116.60
Bank Of Baroda	234.50
Canara Bank	122.85
Union Bank Of India	177.60
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