PNB s Q4 standalone net profit at Rs 262 crore

Mumbai May 16 (IANS) State-owned Punjab National Bank (PNB) on Tuesday reported a standalone net profit for the fourth quarter (Q4) of 2016-17.

According to the bank its standalone net profit during the quarter under review stood at Rs 261.90 crore from a loss of Rs 5 367.14 crore reported for the corresponding period of 2015-16.

The lender s total income during the quarter under review rose by 18.31 per cent to Rs 14 989.33 crore from Rs 12 669.21 crore earned during Q4 of FY16.

On a full financial year 2016-17 basis PNB reported a consolidated net profit of Rs 1 187.24 crore from loss of Rs 3 689.77 crore in 2015-16.

The company s consolidated total income during the fiscal under review inched up by 0.56 per cent to Rs 57 225.66 crore from Rs 56 903.50 crore.

--IANS
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