PNB posts impressive results; Q1 net soars 62%
Punjab National Bank (PNB), the country's second largest Public Sector lender, has reported a net profit of Rs 832.05 crore for the quarter ended June 2009, as against Rs 512.40 crore in the corresponding quarter last year, registering a growth of 62.39 per cent.
Further, total income of state-run lender has also 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.
The scrip of the PNB closed today at Rs 748 on BSE, up 3% compared to previous close of Rs 723.