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Punjab National Bank reports over 4-fold jump in Q3 net profit

07 Feb 2017 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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