Signals, Powered By EquityPandit
The Punjab National Bank (PNB) has posted over four fold jump in the net profit to Rs 207.18 crore for the third quarter ended December 31, 2016-17.
The bank had posted a net profit of Rs 51.1 crore for the October-December quarter of the 2015-16 financial year.
It’s total income has been increased 4.36 percent to Rs 14,497.65 crore for the quarter under review, from Rs 13,891.2 crore in the year ago period.
The gross non-performing assets (NPAs) or bad loans, as a percentage to total advances increased to 13.70 percent from 8.47 percent in the same quarter of last financial year.
The bank has said that the net NPAs went up to 9.09 percent from 5.86 percent at the end of December 2015.
