Punjab National Bank (PNB) has reported results for second quarter ended September 30, 2017.
The Bank has reported a marginal rise of 2.04% in its net profit at Rs 561 crore for the quarter under review as compared to Rs 549 crore for the same quarter in the previous year. Total income of the Bank increased marginally by 4.15% at Rs 14205.31 crore for Q2FY18 as compared Rs 13638.64 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 13.31%, as compared to 13.63% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.44% in Q2FY18.