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PNB Q4 FY13 net profit dips 20% to Rs. 11.3 billion

India Infoline News Service/ 18:49 , May 09, 2013

The bank registered a profit of Rs. 11.3 billion for the January-March period against Rs. 14.2 billion a year earlier

Public sector lender Punjab National Bank (PNB) on Thursday reported a 20.6% fall in net profit for the quarter ended March 31, 2013.

The bank registered a profit of Rs. 11.3 billion for the January-March period in FY12-13 against Rs. 14.2 billion in the corresponding period in FY11-12. Net interest income rose 14.2% during the quarter. Non-performing loans at the bank rose to 4.27% from 2.93% a year ago.

PNB shares traded 4.15% higher at Rs. 780 on the BSE as of 12.10pm, outpacing the broader Bank Nifty, which traded 0.18% lower.

 



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