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PNB reports 27% rise in Q2 consolidated net profit

03 Nov 2020 Evaluate

Punjab National Bank (PNB) has reported results for second quarter ended September 30, 2020.

The bank has reported 22.44% rise in its net profit of Rs 620.81 crore for the quarter under review as compared to net profit of Rs 507.05 crore for the same quarter in the previous year. Total income of the bank increased by 50.67% at Rs 23438.56 crore for Q2FY21 as compared Rs 15556.61 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 26.66% rise in its net profit of Rs 544.66 crore for the quarter under review as compared to net profit of Rs 430.03 crore for the same quarter in the previous year. Total income of the bank increased by 50.50% at Rs 23844.13 crore for Q2FY21 as compared Rs 15843.76 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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