Punjab National Bank Q3 net spurts 21%

Punjab National Bank (PNB) has posted a 21% rise in net profit at Rs 314.27 crore for the third quarter ended December 31, 2004 as compared to Rs 259.80 crore for the quarter ended December 31, 2003.

According to a release issued to the BSE, total income has increased from Rs 2362.33 crore in Q3-03 to Rs 2380.08 crore for the quarter ended December 31, 2004.

The board of directors of PNB has declared an interim dividend @ 30% i.e. Rs 3/- per share for the financial year 2004-05 for which February 28, 2005 has been fixed as the record date, the release added.