Punjab National Bank (PNB), one of the leading public sector lenders in India witnessed a fall in share price on Tuesday after the bank reported profit below market estimates. The bank reported a growth of 13.86% in net profit on year-on-year basis to Rs 5.75 billion for the quarter ended Sep. 30, 2014. The market was expecting profit to come at Rs 12.24 billion.

Total income increased by 11.93% to Rs 124.98 billion for the quarter ended Sep. 30, 2014 as compared to Rs 130.20 billion in the same period last year.

Shares of the bank are trading at Rs 934.35, down Rs 22.05, or 2.31% at the Bombay Stock Exchange (BSE) on Tuesday at 1:40 p.m.

The scrip has touched an intra-day high of Rs 975.35 and low of Rs 918.70. The total volume of shares traded at the BSE is 439,837.