Punjab National Bank (PNB), one of the leading public sector lenders, today reported a fall of 48.71% in net profit on year-on-year basis to Rs 7.20 billion for the quarter ended Jun. 30, 2015, compared with Rs 14.05 billion, a year ago.
Total income increased by 4.73% to Rs 134.32 billion for the quarter ended Jun. 30, 2015 as compared to Rs 128.25 billion in the same period last year.
The bank has made provision of Rs 18.11 billion, which was higher by 95.27% from prior year period to Rs 9.27 billion.
Net NPA was at Rs 153.94 billion for the quarter ended Jun. 30, 2015, as compared to Rs 104.64 billion in the same period last year, representing an increase of 47.11%.
In percentage term, net NPAs were at 4.05% at the end of the quarter, higher than 3.02% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 12.08% as on Jun. 30, 2015.
Shares of the bank gained Rs 7.1, or 5.25%, to trade at Rs 142.40. The total volume of shares traded was 1,999,110 at the BSE (1.13 p.m., Tuesday).