Punjab & Sind Bank reports 78% fall in Q2 net profit

Punjab & Sind Bank | Bank - Public | BFSI | BSE: 533295 | NSE: PSB

14 Nov 2017 Evaluate

Punjab & Sind Bank has reported results for second quarter ended September 30, 2017.

The Bank has reported 77.86% fall in its net profit at Rs 13.70 crore for the quarter under review as compared to Rs 61.89 crore for the same quarter in the previous year. Total income of the Bank decreased marginally by 1.68% at Rs 2166.64 crore for Q2FY18 as compared Rs 2203.74 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 11.25%, as compared to 8.63% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.72% in Q2FY18.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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