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24 August, 2017 01:13 IST
PNB Q1 earnings climb 12%; Provisions for bad loans increase 14.2%
Source: IRIS | 02 Aug, 2017, 03.36PM
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Punjab National Bank (PNB), one of the leading public sector lenders, today reported a rose of 12.09% in net profit on year-on-year basis to Rs 3.43 billion for the quarter ended Jun. 30, 2017, compared with Rs 3.06 billion, a year ago.
 
Total income increased by 7.37% to Rs 144.68 billion for the quarter ended Jun. 30, 2017 as compared to Rs 134.75 billion in the same period last year.

The bank has made provision of Rs 26.08 billion, which was higher by 14.24% from prior year period to Rs 22.83 billion.

Shares of the bank gained Rs 1.25, or 0.79%, to trade at Rs 158.75. The total volume of shares traded was 2,102,680 at the BSE (3.22 p.m., Wednesday).

   

Punjab National Bank   (Q,N,C,F)*

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