Punjab National Bank (PNB), one of the leading public sector lenders in India, today 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 company declined Rs 34.25, or 3.58%, to trade at Rs 922.15. The total volume of shares traded was 305,543 at the BSE (12.42 p.m., Tuesday).