Punjab National Bank (PNB), one of the leading public sector lenders in India, today reported a fall of 61.91% in net profit on year-on-year basis to Rs 3.07 billion for the quarter ended Mar. 31, 2015. The market was expecting profit to come at Rs 8.37 billion.
 
Total income increased by 7.67% to Rs 134.56 billion for the quarter ended Mar. 31, 2015 as compared to Rs 124.98 billion in the same period last year.

The bank has made provision of Rs 38.34 billion, which was higher by 79.24% from prior year period to Rs 21.39 billion.

Net NPA was at Rs 153.97 billion for the quarter ended Mar. 31, 2015, as compared to Rs 99.17 billion in the same period last year, representing an increase of 55.26%.
 
In percentage term, net NPAs were at 4.06% at the end of the quarter, higher than 2.85% from last year period.
 
Capital adequacy ratio (CAR) of the bank under Basel III was at 12.21% as on Mar. 31, 2015.

Shares of the company declined Rs 8.55, or 5.48%, to trade at Rs 147.60. The total volume of shares traded was 1,470,182 at the BSE (12.35 p.m., Friday).