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PNB Q2 net profit up 8pc at Rs. 621 crore

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.

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