PNB FY05 net up 27%

Punjab National Bank (PNB)  has reported a 27% increase in net profit at Rs 1,410.12 crore for the year ended March 31, 2005 as against Rs 1,108.69 crore in FY04.

According to a release issued by the bank to the BSE today, total income increased to Rs 10,135.53 crore in FY05 from Rs 9,646.57 crore in FY04.

The board has proposed final dividend @ 30% i.e Rs 3 per share for FY05 on the enhanced capital amounting Rs 315.30 crore, the release added.