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Punjab National Bank Q4 net profit plummets 62% to Rs 306 cr

May 08, 2015    

New Delhi: State-run lender Punjab National Bank today reported a whopping 62 percent decline in its standalone net profit to Rs 306.56 crore in the fourth quarter ended 31 March.The company had posted a net profit of Rs 806.35 crore in the same period a year ago.The total income of the bank during the quarter increased by 7.6 percent to Rs 13,455.65 crore compared with Rs 12,498.23 crore in the corresponding period a year ago.For the year, PNB posted a 8.4 percent decline in its net profit to Rs 3,061.58 crore compared with Rs 3,342.57 crore in the previous financial year. The total annual in...

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