PNB posts 13.5% growth in Q3 profit to Rs 1,306 crore

Punjab National Bank on Thursday reported a 13.53 per cent rise in net profit during the third quarter ended 31 December 2012 at Rs 1,305.62 crore. The public sector bank had reported a net profit of Rs 1,150 crore in the same period of 2011, PNB said in a filing to the BSE. Total Income of the bank rose to Rs 11,518.95 crore in the October-December quarter ended 2012 from Rs 10435.12 crore over the same quarter of previous year, it said. The gross non performing assets were at Rs 13,997.82 crore compared to Rs 6,442 crore in the year ago quarter.