Mumbai, Oct 29 : State-run banking major Punjab National Bank (PNB) has posted a 31.09 percent increase in its net profit at Rs. 926.96 crore for the quarter ended Sep 30 as compared to Rs. 707.09 crore reported in the like period last year.

The bank's total income grew 14.35 percent to Rs. 6,075.86 crore during the quarter under review as against Rs. 5,313.18 crore for the quarter ended Sep 30, 2008.

Gross non-performing assets (NPAs) stood at 1.58 percent in the quarter under review, down from 2.18 percent a year earlier.

Earning per share was at Rs. 29.40, up from Rs. 22.43 in the year-ago period. (IANS)