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Punjab National Bank reports 53% fall in Q2 net profit

08 Nov 2013 Evaluate

Punjab National Bank has reported results for second quarter ended September 30, 2013.

The bank has reported a fall of 52.56% in its net profit at Rs 505.49 crore for the quarter ended September 30, 2013 as compared to Rs 1065.58 crore for the same quarter in the previous year. However, total income of the bank increased by 2.63% at Rs 11632.84 crore for quarter under review as compared to Rs 11335.17 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 5.14% in the July-September quarter as against 4.66% in the same quarter previous year, meanwhile net NPAs has increased to 3.07%.

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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