PNB Q2 profit up 8%; bad loans dip this quarter
Gross bad loans as a percentage of total loans fell slightly to 6.36 per cent from 6.47 per cent in the previous three months, though higher than 5.65 per cent a year earlier.
By PTI | Updated:
NEW DELHI: Punjab National Bank today reported 8 per cent rise in standalone net profit to Rs 621.03 crore for the second quarter ended September 30, 2015-16.
The bank had posted net profit of Rs 575.34 crore in the same quarter of the previous financial year.
Interest earned was Rs 12,345 crore for the July- September quarter of the current fiscal, as against 11,462 crore in the year-ago period.
The bank's provisioning was higher at Rs 1,882 crore as opposed to Rs 1,768 crore a year ago.
PNB's total income has increased from Rs 13,020.46 crore in July-September quarter of 2014-15 to Rs 13,701.93 crore for the same quarter of the current fiscal.
The bank had posted net profit of Rs 575.34 crore in the same quarter of the previous financial year.
Interest earned was Rs 12,345 crore for the July- September quarter of the current fiscal, as against 11,462 crore in the year-ago period.
The bank's provisioning was higher at Rs 1,882 crore as opposed to Rs 1,768 crore a year ago.
PNB's total income has increased from Rs 13,020.46 crore in July-September quarter of 2014-15 to Rs 13,701.93 crore for the same quarter of the current fiscal.
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