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PNB : Profit 28.7% Reduce | Intraday Equity Commodity Tips







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Tuesday 13 May 2014

PNB : Profit 28.7% Reduce

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In the fourth quarter of fiscal 2014, the Punjab National Bank net profit are up by 28.7 percent to Rs 806 crore . The bank's net profit in the fourth quarter of fiscal 2013 was Rs 1130.8 crore .

Punjab National Bank's interest income in Q4 2014 has increased by 6 percent to Rs 4002 crore .While it was Rs. 3779 crore  in the same period 2013.

PNB Bank's gross NPA is increased from 4.96 to 5.25 percent on quarterly basis. The bank's net NPA increased from 2.8 percent to 2.85 per cent . The bank's net interest margin reduced from 3.57 percent to 3.2 percent .

Punjab National Bank's other income has increased from Rs 1176.2 crore to Rs 1,397 crore on quarterly basis . The bank's provision coverage ratio was 59.07 percent on 31 March.

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