Financial Daily from THE HINDU group of publications
Friday, Jan 25, 2002
Financial Daily from THE HINDU group of publications Friday, Jan 25, 2002 |
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Money & Banking
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Public Sector Banks Corporate Results - Public Sector Banks Punjab National net up 20 pc Our Bureau
NEW DELHI: Punjab National Bank has registered a net profit of Rs 410.28 crore for the nine-month ended December 2001, a 20.13 per cent rise over Rs 341 crore net during the corresponding period in the previous year. Gross profit was Rs 1,170.13 crore (Rs 855 crore), registering an increase of 36.9 per cent. The bank has made provisions of Rs 560.06 crore towards loan losses, depreciation on investments and fixed assets, wealth tax and income tax. Total income during April-Dec 2001 was Rs 5,697 crore compared to Rs 4,772 crore, a growth of 19.4 per cent.
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