State-run Punjab National Bank (PNB) is set to announce its results for the quarter ended December 2010. It has reported net profit at Rs 1,090 crore as against Rs 1,011.3 crore, a growth of 7.78% on year-on-year basis.
Net interest income jumped 44.80% to Rs 3,203 crore from Rs 2,212 crore.
Provisions increased to Rs 714 crore from Rs 282 crore (YoY). Gross non-performing asset (NPA) went up at 2.03% versus 1.8% (YoY).
The bank's capital adequacy stood at 11.9% in Q3FY11 as against 14.6%. Net interest margin stood at 3.99%.
In a press conference, PNB said:
-CASA growth at 22%
-Credit growth of 30% in Q3
-NIMs at 4.17% in Q3
-Q3 Credit growth at 30%
-Provision coverage ratio at 77.18%
Source: http://www.moneycontrol.com/
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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