Punjab National Bank net profit up 62 percent

Wednesday, 29 July 2009, 10:15 Hrs
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Mumbai: State-run Punjab National Bank's net profit jumped 62 percent in the quarter ended June 30 to 832.05 crore from 512.4 crore in the like period last fiscal.

The bank's total income increased 34 percent to 6,177.58 crore from 4,594.6 crore, it said in a regulatory statement.

Its operating profit increased 59.7 percent to 1,569.34 crore in the quarter from 982.43 crore in the corresponding period last year.

Interest income rose 26 percent to 5,207.42 crore during the June quarter, while the interest expenditure stood at 3,345.61 crore, up 24 percent over the year-ago period.
Source: IANS
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