The bank had earned net profit of Rs 121.71 crore in the April-June quarter of 2013-14, PSB said in a statement.
During the quarter, the provision and contingencies of bank rose to Rs 163.25 from Rs 38.26 crore.
The total income of the bank rose to Rs 2,263.29 crore in the April-June quarter from Rs 1,994.76 crore in the same period last year.
As of June 30, 2014, the portfolio quality of the smallest public sector bank deteriorated, with gross non-performing assets (NPAs) rising to 5.22 per cent of gross advances as against 3.45 per cent in the same quarter of the previous fiscal.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 10.70 per cent.
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