Punjab National Bank (PNB) on Tuesday reported a net profit of Rs 507.05 crore for the September quarter.The state-run lender had reported Rs 4,532.35 crore loss in the corresponding quarter last year.
- Domestic Deposits increased YOY by 8.2% to Rs. 6,73,078 crore as at the end of September 2019 from Rs. 6,22,329 crore in September 2019.
- Gross Deomestic Advances have increased YOY by 22% to Rs. 4,55,130 crore as at September 2019 from Rs. 4,45,301 crore in September 2018.
- Bank’s Operating Profit increased YOY by 25.4% to Rs 3562 crore during Q2 FY 20 from 2835 crore during Q2 FY 2019.
- Bank registered a Net profit of Rs 507 Crore during Q2 FY 20.
- Operating income grew YOY by 14.9% YOY to Rs 6529 crore in Q2 FY 20 from Rs. 5684 crore in Q2 FY 19.
No interest Income(NII) increased to Rs. 4264 crore in Q2 FY 20 from Rs. 3974 crore in Q2 FY 19, a increase of 7.3 % YOY.
