PNB Q2 net up 2%, to pay 30% interim dividend

Punjab National Bank (PNB) today reported a 2.3% increase in net profit at Rs 422.04 crore for the second quarter ended September 30, 2005 as against Rs 412.55 crore in the quarter ended September 30, 2004.

According to a release issued by PNB to the BSE today, total income dropped 0.59% to Rs 2,682.84 crore in Q2FY06 from Rs 2698.88 crore in Q2FY05.

The board cleared an interim dividend of 30% i.e. Rs 3 per share of Rs 10 each for FY06, the release added.