MUMBAI: Governement-owned Punjab National Bank (PNB) reported a rise of 11.06 per cent in its net profit to Rs 230.11 crore in the third quarter (Q3) ended December 31, 2017.
The bank had reported a net profit of Rs 207.18 crore during the corresponding period of 2016-17. Total income of the bank in the period under review stood at Rs15,257.50 crore − up 8 per cent − from Rs14,123.98 crore in the third quarter of the financial year of 2017.
Around 1.40 pm, scrips of the bank traded lower by 3.12 per cent at Rs158.30 per share. PNB is a state-owned corporation based in New Delhi, India. The bank was founded in 1894.
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