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PNB reports 92% rise in Q2 consolidated net profit

28 Oct 2021 Evaluate

Punjab National Bank (PNB) has reported results for second quarter ended September 30, 2021.

The bank has reported a rise of 78.02% in its net profit at Rs 1,105.15 crore for the quarter under review as compared to Rs 620.81 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.67% at Rs 21,262.32 crore for Q2FY22 as compared Rs 23,279.79 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 91.66% in its net profit after minority interest at Rs 1,104.25 crore for the quarter under review as compared to Rs 576.16 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.82% at Rs 21,597.11 crore for Q2FY22 as compared Rs 23,685.36 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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