ALSO READPunjab National Bank third-quarter net profit surges; bad loans stable Punjab National Bank Q3 net profit surges; bad loans stable Punjab National Bank posts fourth-quarter profit as bad loans ease Punjab National Bank reports standalone net profit of Rs 261.90 crore in the March 2017 quarter Punjab National Bank drops after reducing MCLR
According to the bank, its standalone net profit during the quarter under review stood at Rs 261.90 crore from a loss of Rs 5,367.14 crore reported for the corresponding period of 2015-16.
The lender's total income during the quarter under review rose by 18.31 per cent to Rs 14,989.33 crore from Rs 12,669.21 crore earned during Q4 of FY16.
On a full financial year 2016-17 basis, PNB reported a consolidated net profit of Rs 1,187.24 crore from loss of Rs 3,689.77 crore in 2015-16.
The company's consolidated total income during the fiscal under review inched up by 0.56 per cent to Rs 57,225.66 crore from Rs 56,903.50 crore.