The New Delhi-headquartered Punjab National Bank has posted a growth of a mere 7.8%, on a Y-o-Y basis, in its PAT in the third quarter ending December 31, 2010. The bank’s net profit during Q3FY11 rose to Rs. 1,089.77 crore from Rs. 1,011.31 crore in the same quarter a year ago.
Its total income, however, grew at a healthy 28% to Rs 7,976.35 crore against Rs 6,236.55 crore, during the said period.
On the negative side, the bank’s Capital Adequacy Ratio, as per Basel II norms, fell substantially to 11.9% in the third quarter of FY 2010-11 from 14.56 % in the corresponding quarter a year ago. Further, its ROA (Return on Assets) too declined to 1.27% from 1.46%, during the same period.
The bank’s EPS stood at Rs. 34.56, as on December 31, 2010, up from Rs. 32.07 in Q3FY10.
Source: PNB
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