New Delhi: state-run Punjab and Sind bank on Tuesday mentioned a income of Rs.ninety eight.12 crore for the March quarter despite growth in horrific loans.
The financial institution had published a loss of Rs.70.24 crore at some point of the corresponding areaof the previous monetary.
overall profits for the duration of the region rose to Rs.2,302.27 crore as against Rs.2,234.ninety croreinside the yr–in the past duration.
Gross non-acting belongings (NPAs) as a percent of total advances surged to 6.forty eight% from4.seventy six% a year in the past.
The bank’s internet NPAs elevated to 4.62% in comparison with 3.fifty five% on the cease of March 2015.
The financial institution has endorsed a dividend of Rs.1.65 in keeping with unit for 2015-16. For theentire economic, the financial institution’s net earnings rose threefold to Rs.336 crore in comparisonwith Rs.121 crore within the preceding yr.
however, net hobby margin stepped forward to two.22% from 1.eighty% at the same time as internethobby income accelerated to Rs.2,176 crore from Rs.1,679 crore, recording a growth of 29.fifty seven%.
For the full economic, general income expanded to Rs.9,222.eighty two crore from Rs.9,017.30 crore.
