Public sector lender Punjab National Bank (PNB) has announced its results for the quarter September 2010. It has reported net profit at Rs 1,075 crore as against Rs 927 crore, a growth of 15.97% on year-on-year basis.
Net interest income (NII) rose 49.45% to Rs 2,977 crore from Rs 1,992 crore. Provisions jumped to Rs 516 crore from Rs 216 crore.
Numbers were above expectations; CNBC-TV18 expected NII at Rs 2,690.20 crore and net profit at Rs 1,093.40 crore
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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