Punjab and Sind Bank has reported a net profit of Rs 91 crore in the third quarter of FY12, falling 33% as compared to Rs 135 crore in the corresponding quarter of last fiscal.
Net interest income too declined 3% to Rs 375 crore from Rs 386 crore year-on-year.
Gross non-performing assets (NPAs) increased at 1.28% versus 1.06% quarter-on-quarter. Gross NPAs stood at Rs 544 crore as against Rs 450 crore QoQ.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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