Punjab National Bank (PNB) has reported results for third quarter ended December 31, 2016.
The Bank has posted over four-fold jump in its net profit at Rs 207.18 crore for the quarter as compared to Rs 51.01 crore for the quarter ended December 31, 2015. Total income of the Bank increased by 4.37% at Rs 14497.65 crore for Q3FY17 as compared Rs 13891.20 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 13.70%, as compared to 8.47% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.09% in Q3FY17.