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Punjab National Bank reports net profit of Rs 261.90 crore for Q4FY17

16 May 2017 Evaluate

Punjab National Bank (PNB) has reported results for fourth quarter and year ended March 31, 2017.   

The Bank has reported net profit of Rs 261.90 crore for the quarter ended March 31, 2017 as compared to net loss of Rs 5367.14 crore for the same quarter in the previous year. Total income of the Bank increased by 18.31% at Rs 14989.33 crore for quarter under review as compared to Rs 12669.21 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the Bank has posted net profit at Rs 1324.80 crore as compared to net loss of Rs 3974.39 crore in FY16. Total income of Bank increased by 5.25% at Rs 56227.36 crore for year under review as compared to Rs 53424.40 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the Bank has posted net profit at Rs 1187.24 crore as compared to net loss of Rs 3689.77 crore in the previous year. Total income from operations of the Bank increased by 0.57% at Rs 57225.66 crore for year under review as compared to Rs 56903.50 crore for the year ended March 31, 2016.

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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