Click here to Download Android App of Latest Bank Update

Do you want to share your banking article with the viewers of Latest Bank Updates...
Send on

Back to Top

Like Latest Bank Updates on Facebook

Contact Us

Punjab National Bank (PNB) Q1 net profit up 12%

Punjab National Bank (PNB) on Wednesday posted 12 percent gain in its June quarter net profit at Rs 343.4 crore against Rs 306.4 crore in the same period last year. But the cause of concern for the bank is the declining asset quality as net non-performing assets rose to 8.67 percent against 7.81 percent in the previous quarter.

According to a poll of analysts by CNBC-TV18, the lender was expected to post a profit of Rs 358.9 crore.

The net interest income, difference between interest earned and interest expended, was reported at Rs 3,855.1 crore, a rise of 4 percent against Rs 3,699 crore year on year. The Street expected this figure to be at RS 3,809.4 crore.

On the asset quality front, the net NPAs surged to Rs 34,573 crore against Rs 32,702 crore in the previous quarter. Meanwhile, the gross NPAs stood at Rs 57,721 crore against Rs 55,370 crore quarter on quarter.

The provisions for Punjab National Bank stood at Rs 2,609 crore, a decline from Rs 5,753 crore in the March quarter, but on a year on year basis, the it rose from Rs 2,284 crore. 

Additionally, the provision coverage ratio stood at 58.23 percent against 58.57 percent quarter on quarter.


No comments:

Post a Comment

Important keywords

Abhyudaya Co-op Bank Ltd AIBEA AIBOA AIBOC Allahabad Bank Andhra Bank Arunachal Pradesh Rural Bank Assam Co-operative Apex Bank Ltd Atal Pension Yojana(APY) Axis Bank Balance inquiry number BaNCS Bandhan Bank Bank of Baroda Bank of India Bank of Maharashtra Bankers Banks Banks Board Bureau BEFI Bharatiya Mahila Bank Bipartite Settlement CANARA BANK Cash Reserve Ratio(CRR) Catholic Syrian Bank CBS CENTRAL BANK OF INDIA Cheque Truncation System City Union Bank Corporation Bank COSMOS Bank Credit Card Credit Officer DA DCB Bank Dena Bank Dhanlaxmi Bank Federal Bank Finacle FRDI Gandhinagar Nagarik Co. Op. Bank GSC Bank HDFC Bank IBA IBPS ICICI Bank IDBI Bank IDFC Bank India Post Payments Bank Limited INDIAN BANK Indian Overseas Bank IndusInd Bank J & K Bank Kalol Nagrik Sahakari Bank Kangra Central Co-operative Bank Karnataka Bank Karur Vysya Bank Kerala Gramin Bank Kotak Mahindra Bank Lakshmi Vilas Bank Langpi Dehangi Rural Bank Meghalaya Rural Bank Mehsana Urban Co. Operative Bank Ltd Mizoram Rural Bank NABARD Nagaland Rural Bank Nainital Bank NPA NPCI NPS Oriental Bank of Commerce PPF Pradhan Mantri Sneh Bandhan Yojana Prompt Corrective Action Punjab & Sind Bank Punjab National Bank Q1 Results Q1FY17 Q1FY18 Q2 Results Q2FY17 Q2FY18 Q3 results Q3FY17 Q3FY18 Q4 Results Q4FY16 Q4FY17 Rajkot Nagarik Sahakari Bank RBI RBL Bank SBBJ South Indian Bank Sovereign Gold Bonds Specialist Officer SSBEA State Bank of Hyderabad state bank of india State Bank of Mysore State Bank of Patiala State Bank of Travancore strike Sukanya Samriddhi SYNDICATE BANK The Kalupur Co-Operative Bank UCO Bank UFBU Unified Payments Interface Union Bank of India United Bank of India UPI USSD Vijaya Bank Yes Bank

Contact Form


Email *

Message *