Punjab National Bank (PNB), one of the leading public sector lenders in India, witnessed a sharp fall in share price on Friday after it 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. 
 
Total income increased by 8% 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 78.97% from prior year period to Rs 21.39 billion.

Shares of Punjab National Bank are trading at Rs 147.55, down Rs 8.6, or 5.51% at the Bombay Stock Exchange (BSE) on Friday at 12:50 p.m.

The scrip has touched an intra-day high of Rs 160 and low of Rs 146.25. The total volume of shares traded at the BSE is 1,529,843.