PNB Q1 net up 13% at Rs 1,246 cr

Total income rises 24% to Rs 11,711 cr

State-owned Punjab National Bank reported a 13% growth in net profit at Rs 1,246 crore for the quarter ended June 2012. It was Rs 1,105 crore for the same period a year ago.

The lender's total income jumped 24.5% to Rs 11,711 crore from Rs 9,399 crore in June 2011.

PNB's stocks were trading 1.1% higher at Rs 765 on BSE at 1155 hours.