PSB Q2 profit falls 21%

Punjab and Sind Bank today said its net profit for the July-September period fell by 20.8% to Rs 117.07 crore.

Its net profit over the same quarter a year ago stood at Rs 147.76 crore.

The total income of the state-owned lender grew by 10.2% to Rs 1,885.75 crore in the second quarter from Rs 1,711.27 crore over the corresponding period a year earlier, PSB said in filing to BSE.

However, its income from other sources fell to Rs 87.34 crore in the second quarter from Rs 104.74 crore.

"Net NPA stood at Rs 774.49 crore as on September 30, 2012 against Rs 297.46 crore as on September 30,2011. The net NPA ratio is 1.58% as on September 30, 2012 as against 0.71% as on September 30, 2011," it said.

 

Its total business stood at Rs 1.15 lakh crore as on September 30, 2012 against Rs 1.03 lakh crore as on September 30, 2011.

PSB scrips settled at Rs 66.20 apiece on the BSE today, down 3.98% from the previous close.