Punjab National Bank Q3 net rises 13 percent on better loan recoveries

Punjab National Bank (PNB) Q3 net rises 13 percent on better loan recoveries.

A lower provisioning and better efforts on the bad loan recoveries front helped Punjab National Bank (PNB)PNB-punjab-national-bank-logo report a 13.53 percent increase in net profit for the third quarter ended December 2012 at Rs 1306 crore (Rs 1150 crore).

The country’s second largest public sector lender by assets had reported a net profit of Rs 1,066 crore in second quarter.

For the nine-month period ended December 31, PNB has recorded a net profit of Rs 3,617 crore (Rs 3,460 crore).

Leave a Reply

Your email address will not be published. Required fields are marked *