PNB posts Rs 507 crore net profit in September quarter; asset quality improves
The bank made provisions worth Rs 2,928.90 crore during Q2 FY20, 70 per cent less than Rs 9,757.90 crore in Q2 FY19, but 44 per cent higher than Rs 2,023.31 crore
- Nov 5, 2019,
- Updated Nov 5, 2019 3:19 PM IST
Punjab National Bank reported net profit of Rs 507.05 crore in the quarter ended September 30, 2019. The state-owned lender had posted loss of Rs 4,532.35 crore in the corresponding quarter last fiscal.
Interest earned during the quarter stood at Rs 13,291.92 crore, whereas interest expended was Rs 9,028.08 crore. Net interest income (NII) during the second quarter of the current fiscal was Rs 4,263.84 crore, up 7.29 per cent from Rs 3,974.11 crore in the year ago period.
The bank made provisions worth Rs 2,928.90 crore during Q2 FY20, 70 per cent less than Rs 9,757.90 crore in Q2 FY19, but 44 per cent higher than Rs 2,023.31 crore.
Dhanlaxmi Bank Q2 profit surges 81% to Rs 22.1 crore; stock jumps 12%
Punjab National Bank reported net profit of Rs 507.05 crore in the quarter ended September 30, 2019. The state-owned lender had posted loss of Rs 4,532.35 crore in the corresponding quarter last fiscal.
Interest earned during the quarter stood at Rs 13,291.92 crore, whereas interest expended was Rs 9,028.08 crore. Net interest income (NII) during the second quarter of the current fiscal was Rs 4,263.84 crore, up 7.29 per cent from Rs 3,974.11 crore in the year ago period.
The bank made provisions worth Rs 2,928.90 crore during Q2 FY20, 70 per cent less than Rs 9,757.90 crore in Q2 FY19, but 44 per cent higher than Rs 2,023.31 crore.
Dhanlaxmi Bank Q2 profit surges 81% to Rs 22.1 crore; stock jumps 12%