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Posted on: 2010-01-31/09:05:52 http://demo.onenall.com/complaintscript Airport Issues/ Southern India

Hit by low treasury income and higher provisioning, the net profit of Punjab National Bank (PNB) remained almost flat at Rs.1,011 crore for the third quarter ended December.



The bank had reported a net profit of Rs.1,006 crore during the same quarter last fiscal. Although it reported a flat profit, as the market leader State Bank did last week, PNB too declared an interim dividend of Rs.10 per equity share of Rs.10.



The total income of the bank also remained at the same level as that of the corresponding quarter a year ago at Rs.6,236.55 crore.



During the quarter, the bank booked a treasury income of only Rs.157 crore against Rs.341 crore in the same quarter a year ago, PNB Chairman and Managing Director K.R. Kamath told reporters here.

Source: Hindu Location : Hyderabad  



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