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Punjab National Bank reports 2-fold jump in Q1 consolidated net profit

03 Aug 2021 Evaluate

Punjab National Bank has reported results for first quarter ended June 30, 2021.

The bank has reported 3-fold jump in its net profit of Rs 1023.46 crore for the quarter under review as against net profit of Rs 308.45 crore for the same quarter in the previous year. However, total income of the bank decreased 7.32% at Rs 22515.00 crore for Q1FY22 as compared Rs 24292.80 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 2-fold jump in its net profit after minority interest of Rs 1168.33 crore for the quarter under review as against net profit of Rs 537.71 crore for the same quarter in the previous year. However, total income of the bank decreased by 7.73% at Rs 22815.41 crore for Q1FY22 as compared Rs 24727.72 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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