PNB Q3 profit up 4-fold at Rs 207cr, slippages down at Rs 4800cr

PNB Q3 profit up 4-fold at Rs 207cr, slippages down at Rs 4800cr

Tuesday, February 07, 2017
pnb-banner
State-run lender Punjab National Bank ‘s profit increased four-fold to Rs 207.2 crore in October-December quarter compared with Rs 51.01 crore in same quarter last year. It was driven by other income and lower provisions.

Net interest income, the difference between interest earned and interest expended, fell 9.4 percent year-on-year to Rs 3,730.80 crore in October-December quarter, with negative loan growth of 1.8 percent at Rs 3.85 lakh crore.

Deposits growth for the quarter was 11.6 percent at Rs 6.12 lakh crore compared with Rs 5.48 lakh crore in corresponding quarter of last fiscal, the bank said in its filing. Currency demonetisation helped deposits grow in Q3.


For more information and best EQUITY TIPS,

Call us ✆ – 0731-6642300 or Visit http://www.epicresearch.co

Connect with our social media sites
Next
« Prev Post
Previous
Next Post »