PNB Q3 financial results

Net profit up 11.1% at Rs 230 crore ;
operating profit at Rs 4245 crore

Thesynergyonline Banking Bureau

NEW DELHI, FEBRUARY 06: The operating profit of Punjab National Bank (PNB) December 2017 quarter increased to Rs 4245 crore in December 2017code> up from Rs 2781 crore in December'16 quarter i.e.y-o_y increase of 52.7 per cent. Net profit for December'17 quarter stood at Rs 230 crore , up from Rs 207 crore as on December 2016 quarter with a y-o-y growth rate of 11.1 per cent.

Particulars Q3FY 2017-18 Q3FY 2016-17 % varation 9MFY’18 9MFY’17
Net profit Rs 230 crore Rs 207 crore   y-o-y growth rate of 11.1 % Cost of deposit : 5.00 % >5.38 %
Operating profit  Rs 4245 crore Rs 2781 crore  52.7 %(+) Cost of funds : 4.36 % >4.66 %
Gross  business Rs 11 lakh crorer ---- ----    
 Global  deposits Rs 647998 ---- 5.9 %     
 CASA  deposits  Rs 267685 crore ---- y-o-y growth of 1.9 %.    
Global net advances Rs 452110 crore  Rs 385727 crore Growth rate of 17.2 %    
Provision Coverage Ratio 60.78 % 54.96 % ---