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Last Updated : Jul 28, 2011 08:45 PM IST | Source: CNBC-TV18

PNB Q1 net profit up 3.5% at Rs 1,105 cr

Punjab National Bank (PNB) has posted a rise of 3.5% in its first quarter of FY12 net profit. During the period, net profit increased to Rs 1,105 crore against Rs 1,068 crore in the corresponding quarter last fiscal.

 
 
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Punjab National Bank (PNB) has posted a rise of 3.5% in its first quarter of FY12 net profit. During the period, net profit increased to Rs 1,105 crore against Rs 1,068 crore in the corresponding quarter last fiscal.


Net interest income jumped over 19% to Rs 3,117 crore from Rs 2,618.6 crore in the year ago period.


CNBC-TV18 poll saw a net profit of Rs 1,137.5 crore and net interest income of Rs 3,052.6 crore.


Provisions shot up more than 67% to Rs 893 crore in Q1FY12 against Rs 534 crore in same quarter the last fiscal.

PNB has approved offer of Metlife India for acquiring stake in company.



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First Published on Jul 28, 2011 01:38 pm
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