PNB net profit grows 4 times to Rs 207.18 crore in Oct-Dec
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Punjab National Bank's net profit grew to Rs 207.18 crore in the quarter-ended December 2016 compared to the Rs 51.01 crore posted in the same period last year, up four fold.
The total income earned by the bank in the quarter grew to Rs 14,497.65 crore compared to Rs 13,891.20 crore posted in the same period last year, up 4.4%.
The bank earned an interest of Rs 11,984.16 crore in the period, lesser than the Rs 12,220.60 crore earned in the same period last year. Total interest earned by the bank was down 1.9%.
PNB's NPAs as a percentage of gross NPAs grew 13.70% compared to 8.47% in December 2015-end quarter.
The shares of PNB were trading at Rs 153.20 apiece, up Rs 3.55 or 2.37% from previous close.
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