Punjab National Bank slumped 5.62% to Rs 181.20 at 12:40 IST on BSE after the bank's ratio of gross NPAs to gross advances rose to 5.97% as on 31 December 2014, compared with 5.65% as on 30 September 2014 and 4.96% as on 31 December 2013.
The bank announced Q3 results during market hours today, 3 February 2015.
Meanwhile, the BSE Sensex was down 201.32 points, or 0.69%, to 28,920.95.
On BSE, so far 17.53 lakh shares were traded in the counter, compared with an average volume of 4 lakh shares in the past one quarter.
The stock hit a high of Rs 194.50 and a low of Rs 178.25 so far during the day. The stock hit a 52-week high of Rs 231.50 on 19 December 2014. The stock hit a 52-week low of Rs 105 on 14 February 2014.
The stock had underperformed the market over the past one month till 2 February 2015, falling 12.51% compared with 4.43% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 3.15% as against Sensex's 4.51% rise.
The large-cap PSU bank has an equity capital of Rs 362.07 crore. Face value per share is Rs 2.
Punjab National Bank's net profit rose 2.53% to Rs 774.56 crore on 8.24% rise in total income to Rs 12904.85 crore in Q3 December 2014 over Q3 December 2013.
On absolute basis, Punjab National Bank's gross non-performing assets (NPAs) rose to Rs 22211.43 crore as on 31 December 2014, from Rs 20751.89 crore as on 30 September 2014 and Rs 16595.84 crore as on 31 December 2013.
The ratio of net non-performing assets (NPAs) to net advances rose to 3.82% as on 31 December 2014, compared with 3.26% as on 30 September 2014 and 2.8% as on 31 December 2013.
The bank's provisions and contingencies declined 7.68% to Rs 1467.77 crore in Q3 December 2014 over Q3 December 2013. Provision coverage ratio as on 31 December 2014 stood at 57.27%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 11.54% as on 31 December 2014, compared with 11.79% as on 30 September 2014 and 11.02% as on 31 December 2013.
Government of India holds 58.87% stake in the bank as at 31 December 2014.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app