PNB Q1 net profit up 62% at Rs 832 cr

State-run lender Punjab National Bank on Wednesday reported a 62.39 percent growth in net profit at Rs 832.05 crore for the first quarter ended June 30, 2009.

Last Updated: Jul 29, 2009, 11:51 AM IST

Mumbai: State-run lender Punjab National
Bank on Wednesday reported a 62.39 percent growth in net profit at
Rs 832.05 crore for the first quarter ended June 30, 2009.

Total income of the country`s second largest PSU lender
increased to Rs 6,177.58 crore during the April-June quarter,
from Rs 4,594.62 crore in the corresponding period a year-ago,
PNB said in a filing to the Bombay Stock Exchange (BSE).

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

Shares of PNB were trading at Rs 741.50, up 2.62 percent
in morning trade on the BSE.

Bureau Report