Punjab National Bank profit decreased 62%,

punjab national bankIn fourth quarter of fiscal year 2015, PNB has submitted extremely poor result. Punjab National Bank profit decreased 62% to Rs 307 crore, which was Rs 806 crore in 2014.

Bank’s income from interest reduced 5.2% to Rs 3791 crore, which was Rs 4002 crore in 2014.

Gross NPA increased 6.55%, and NET NPA remained 4.06%. On QOQ basis Bank provisioning increased from Rs 1468 crore to Rs 3834 crore.

Punjab National Bank stocks traded at 145.35 down 6.80%.