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PNB reports marginal rise of 2.38% in Q1 net profit

26 Jul 2013 Evaluate

Punjab National Bank (PNB) has reported results for first quarter ended June 30, 2013.

The bank has reported a marginal rise of 2.38% in its net profit at Rs 1275.32 crore for the quarter, as compared to Rs 1245.67 crore for the same quarter in the previous year. Total income from operation of the bank has increased marginally by 0.21% to Rs 11746.59 crore for the quarter under review as compared to Rs 11721.97 crore for the quarter ended June 30, 2012.

Gross non-performing assets (NPAs) increased to 4.84% in the April-June quarter as against 3.34% in the same quarter previous year while, net NPAs increased to 2.98%.

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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