Punjab National Bank has dipped 6% to Rs 755 after reporting lower than expected 12% year-on-year (yoy) fall in net profit at Rs 1,065 crore  for the second quarter ended September 2012 due to higher provisioning for bad loans. Analyst on an average had expected profit of Rs 1,209 crore from state-owned bank.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'>Punjab National Bank dips on disappointing Q2 results</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>The bank

Punjab National Bank dips on disappointing Q2 results

The banks gross NPA have been more than double to 4.66% from 2.05%, while Net NPA increased to 2.69% from 0.84% on y-o-y basis

More From This Section

RCom, Adani included in Nifty Midcap

FIIs net buy Rs 248cr, DIIs net sell Rs 98cr

Total market turnover on Oct 31 at Rs 1.2 lakh crore

Hindalco Ind gains on MoEF nod for Mahan coal block

Explore News