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Punjab & Sind Bank Q2 net jumps 102.13% |
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Written by Arumai_Nagappan
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Wednesday, 18 October 2006 |
Driven by a strong volume growth, Punjab & Sind Bank announced a 102.13 per cent jump in its net profits to Rs 72.93 crore for the quarter ending September against Rs 36.08 crore during the same period last year.
The bank's total depositary income climb 14.46 per cent from Rs 14,303 crore in September 2005 to Rs 19,372 crore in September 2006 marking an increase of 35.44 per cent.
The gross advances augmented by 55.28 per cent to Rs 1,266 crore from Rs 7,255 crore in September 2005. Net NPA fell 1.81 per cent from 5.96 per cent in the second quarter last.
Punjab & Sind Bank is the first bank in Northern India to get ISO 9002 certification for its selected branches. The Bank has over 785 branches and 150 extension counters.
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