PNB Q1 NII up 19% to Rs 3117 cr

By Avni Raja, CNBC-TV18

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.