Shares of Punjab National Bank were last trading 0.98 percent lower at Rs 40.30 on the BSE.Share cost of Punjab National Bank edged lower by one percent on Tuesday, August 3, a day after the state-owned bank announced its April-June quarter results for the financial year 2021-22.
On Tuesday, Punjab National Bank opened on the BSE at Rs 41.40, inching to an intra day high of Rs 41.45 and an intra day low of Rs 40.05, in the trading session so far.
Punjab National Bank reported a net revenue of Rs 1,023.46 crore on a standalone basis in the very first quarter of the current , compared to Rs 30.8.45 crore in the matching quarter last year.The bank's net profit jumped 232 percent - over three-fold during the June quarter driven by a fall in operating expenses and a stable recovery.
PNB's net web income (NII) in the June quarter stood at Rs 7,226 crore, compared to Rs 6,782 crore in the very same quarter last year, marking a growth of 6.5 percent year-on-year.
The bank's operating costs throughout the June quarter boiled down to Rs 4.722 crore from Rs 5.156 crore in the corresponding period last year.
The overall earnings stood at Rs 22,515 crore, compared to Rs 24,292.80 crore in the exact same period last year, according to a regulatory filing by the bank to the stock exchanges.On the NSE, Punjab National Bank opened at Rs 41.50, signed up an intra day high of Rs 41.50 and an intra low of Rs 40.05, in the session up until now.
It was last trading 0.98 per cent at Rs 40.30 on the NSE.Shares of Punjab National Bank were last trading 0.98 percent lower at Rs 40.30 on the BSE.