Public sector lender Punjab National Bank has posted a drop in net profit for the period Q4 (ending Mar 11) of the current fiscal (FY10-11). During the said quarter, net profit declines to Rs 1,200.90 crores in comparison to Rs 1,135.03 crores of Q4 (ending Mar 10) of previous year (FY09-10). Punjab National Bank was founded in 1894 and today is the second largest state-owned commercial bank in India with about 5000 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac, London.
The bank has informed the share market (BSE/NSE) that the total income however rose to Rs 8,585.65 crore in Q4 (ending Mar 2011) of the current fiscal (FY10-11) when compared with the same quarter Q4 (ending Mar 2010) of previous year (FY09-10). Total income was Rs 6,460.78 crores in last year’s quarter Q4.
Share’s Data :-
BSE Code : 532461
Market Cap : Rs 34,667.42 Crores
Punjab National Bank share’s CMP is Rs 1,098.40 on 9th May 2010.
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