Punjab National Bank (PNB) has reported results for third quarter ended December 31, 2015.
The company has reported 93.41% fall in its net profit at Rs 51.01 crore for the quarter ended December 31, 2015 as compared to Rs 774.56 crore for the same quarter in the previous year. However, total income has increased by 7.64 % to Rs 13891.20 crore for the quarter under review from Rs 12904.85 crore for the corresponding quarter of the previous year.
Gross non-performing assets (NPAs) increased to 8.47% in the October- December quarter as against 5.97% in the same quarter previous year, while net NPAs stood at 5.68%.
During the quarter, the Bank has recognised deferred tax assets amounting to Rs.1132.04 crore which was hitherto recognised as at the year-end, in accordance with the applicable Accounting Standards.
Company Name | CMP |
---|---|
SBI | 821.30 |
Bank Of Baroda | 262.50 |
PNB | 126.15 |
Canara Bank | 114.50 |
Union Bank Of India | 141.15 |
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