Punjab National Bank Q2 net profit up 8% at Rs 621 cr

The bank had posted net profit of Rs 575.34 crore in the same quarter of the previous financial year.

FP Archives|Nov 06, 2015, 16:08:27 IST

New Delhi: Punjab National Bank today reported 8 percent rise in standalone net profit to Rs 621.03 crore for the second quarter ended 30 September 2015-16.[caption id="attachment_2234636" align="alignleft" width="380"] Punjab National Bank. AFP[/caption]The bank had posted net profit of Rs 575.34 crore in the same quarter of the previous financial year.Interest earned was Rs 12,345 crore for the July-September quarter of the current fiscal, as against 11,462 crore in the year-ago period.The bank's provisioning was higher at Rs 1,882 crore as opposed to Rs 1,768 crore a year ago.PNB's total income has increased from Rs 13,020.46 crore in July-September quarter of 2014-15 to Rs 13,701.93 crore for the same quarter of the current fiscal. PTI

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