PNB’s Q1 net surges 13%

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

27 Jul 2012 Evaluate

Punjab National Bank (PNB) has reported results for first quarter ended June 30, 2012.

The bank has registered a rise of 12.72% in its net profit at Rs 1245.67 crore for the quarter under review as compared to Rs 1105.07 crore for the same quarter in the previous year. Total income of the bank has increased by 24.60% at Rs 11710.97 crore for Q1FY13 as compared Rs 9398.91 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) rose to 3.34% in the April-June quarter as against 2.00% in the same quarter previous year while net NPAs increased to 1.68%.

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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