PNB Q3 profit up 21%

By siliconindia staff writer   |   Friday, 28 January 2005, 08:00 Hrs
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NEW DELHI: The nation's second biggest public sector bank Punjab National Bank today declared a 21 per cent jump in its third quarter profit, which stood at Rs 314 crore.

The profit figure for the same quarter in the previous year was Rs 260 crore.

The bank's Q3 income stood at Rs 2380 crore, up from Rs 2362 crore, while other income increased from Rs 428 crore to Rs 250 crore.

PNB has also declared a mid-year dividend of Rs 3 per share, and its earning per share (EPS) has grown from Rs 9.79 to Rs 11.85.

On the interest front, the Q3 interest cost has gone up to Rs 1103 crore from Rs 1058 crore, while the interest income stood at Rs 2132 crore, up from Rs 1935 crore.

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