New Delhi: State-run Punjab National Bank on Friday reported 85.76% growth in net profit at Rs1,005.82 crore for the third quarter (Q3) ended 31 December 2008.
The country’s second largest public sector lender had a net profit of Rs541.45 crore in the December quarter of FY 08, PNB said in a statement.
Total income rose 51.47% to Rs6,239.91 crore during the third quarter of current fiscal, from Rs4,119.57 crore in the same period last fiscal.
The bank’s net interest margin stood at 3.85% at the end of December 2008.
During the nine-month ended 31 December 2008, PNB reported 48% growth in net profit at Rs2,225.31 crore. Total income in the nine-month period stood at Rs16,147.71 crore, up 36.32% over the last fiscal.
Shares of PNB were trading at Rs400.30, up 2.58% on the BSE.