Punjab National Bank (PNB) has reported results for first quarter ended June 30, 2017.
The Bank has reported 12.09% rise in its net profit at Rs 343.40 crore for the quarter under review as compared to Rs 306.36 crore for the same quarter in the previous year. Total income of the Bank increased 7.37% at Rs 14468.14 crore for Q1FY18 as compared Rs 13475.41 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 13.66%, as compared to 13.75% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.67% in Q1FY18.