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Punjab National Bank Q4 net profit down 21 per cent to Rs 1,130.8 cr

PTI     May 9, 2013
Punjab National Bank on Thursday reported a 20.6 per cent decline in net profit for the quarter ended March 31, 2013, at Rs 1,130.8 crore.

The state-owned bank had posted a net profit of Rs 1,424 crore for the quarter ended March 31, 2012, PNB said in a filing to the BSE.

Total income during the last quarter of FY13 stood at Rs 11,552.84 crore as compared to Rs 10,964.5 crore during the same period of 2011-12, it added.

Non-performing loans of the bank rose to 4.27 per cent from 2.93 per cent during the period under review.

The board of directors of the bank have recommended an annual dividend of Rs 27 per share for the last fiscal.

Shares of PNB were trading nearly 5 per cent higher at Rs 785.10 from their previous close on the BSE in afternoon trade.

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