Corporate News

PNB Q4 Profit Falls

Punjab National Bank or PNB posted fourth-quarter net profit of Rs.1,130.80 crore, down from the Rs.1,424.06 crore for the quarter ended March 31, 2012. Total income increased to Rs.11,552.84 crore from the Rs.10,964.50 crore in the year-ago quarter.

Its board declared a dividend of Rs.27 per equity share of Rs.10 each for the fiscal year 2013, to be paid on July 15.

At the BSE, Punjab National Bank shares are currently trading at Rs.781, up 4.24 percent from the previous close.

by RTTNews Staff Writer

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