PNB Net Up 85%, NII up by 38%, Cuts PLR
January 30th, 2009
Punjab National Bank (PNB) today announced its Q3 Results; the bank has given very good numbers as the banks net profit jumped by 85.61%. The Net Profit stood at 1005.8 crore against 541.5 crore in same quarter in last financial year.
The bank has reported net interest income of Rs. 1967.4 crore Vs 1424.4 crore YOY which is up by 38.12%
NIM (Net Interest Income) was at 3.5%
Bank also has cut the PLR by 50 basis Points and deposit rate by 50-100 basis points.