Punjab National Bank (PNB) today reported a marginal increase of 3.4% in its net profit to Rs 1,105 crore for the first quarter ended June 30, 2011, as compared to Rs 1,068 crore for the corresponding period last year.
However, the total income of the bank rose by 37% to Rs 9,399 crore during the quarter as against Rs 6,863 crore in the same period previous fiscal.
Net interest margin of the bank stood at 3.84% at the end of June 2011.
After announcing the results, the company's stock lost about a percent or Rs 7 and was trading at Rs 1,118 on BSE. Meanwhile, the overall Sensex was also down about 151 points at 18,281.