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PNB records Q4 profit at Rs 262 crore

16 May, 2017 12:23 PM
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PNB records Q4 profit at Rs 262 crore

New Delhi: State-owned lender Punjab National Bank on Tuesday reported a net profit of Rs 261.9 crore for the three months to March 2017.

Standalone net loss was Rs 5,367.1 crore in the same quarter of the previous fiscal, the bank said in a BSE filing.

Total income increased to Rs 14,989.33 crore in the quarter, from Rs 12,669.21 crore in the same period last year.

Gross non-performing assets (NPAs) as a percentage of gross advances dipped to 12.53 percent in the quarter ended March, from the earlier 12.9 percent.

Net NPAs too fell to 7.81 percent in the March quarter, from 8.61 percent a year ago.

The stock rose around 5 percent to Rs 175.2 on the BSE in the afternoon trade.

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