Punjab National Bank quarterly net profit up 3.46%

Punjab National Bank posted a net profit of Rs.1,105 crore for the quarter ended June 30.

The figure represents an increase of 3.46 % against Rs.1,068 crore during the like period of the previous financial year.

Total income increased 36.95 percent to Rs.9,399 crore during the quarter under review as compared to Rs.6,863 crore in the corresponding quarter a year ago, the company said in a regulatory filing.

The gross non-performing assests has risen to 2 percent in the first quarter against 1.82 percent in the like period of the last financial year.