PNB Q3 net profit at 51 cr

Sarkaritel
By Sarkaritel February 9, 2016 20:34

PNB Q3 net profit at 51 cr

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New Delhi, Feb 08 PNB said it posted a net profit of Rs.51.01 crore for the quarter ended December 31, 2015, against Rs.774.56 crore for the quarter ended December 31, 2014.

The total income is Rs.13,891.20 crore for the quarter ended on December 31, 2015 whereas the same was Rs.12,904.85 crore for the quarter ended on December 31, 2014.

The provisions went up to Rs.3,775.53 crore during the third quarter this fiscal up from Rs.1,467.77 crore provided during the quarter ended December 31, 2014.

The PNB’s non-performing assets (NPAs) stood at Rs.22,983.40 crore as on December 31, 2015 up from Rs.13,787.76 crore as on December 31, 2014.

According to PNB, it has recognised deferred tax assets amounting to Rs.1,132.04 crore which was hitherto recognised as at the year-end, in accordance with the applicable Accounting Standards.

Sarkaritel
By Sarkaritel February 9, 2016 20:34

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