Punjab National Bank reports 11% rise in Q3 net profit

Punjab National Bank | Bank - Public | BFSI | BSE: 532461 | NSE: PNB

06 Feb 2018 Evaluate

Punjab National Bank has reported results for third quarter ended December 31, 2017.

The Bank has reported 11.07% rise in its net profit at Rs 230.11 crore for the quarter under review as compared to Rs 207.18 crore for the same quarter in the previous year. Total income of the Bank increased by 8.03% at Rs 15257.50 crore for Q3FY18 as compared Rs 14123.98 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 12.11%, as compared to 13.70% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.55% in Q3FY18.

Peers

Company Name	CMP
State Bank Of India	991.10
PNB	116.60
Bank Of Baroda	234.50
Canara Bank	122.85
Union Bank Of India	177.60
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