State-owned Punjab National Bank (PNB) on Friday posted 2.4 per cent rise in net profit to Rs 1,275.32 crore for the first quarter ended June 30, 2013.
The bank had a net profit of Rs 1,245.67 crore during April-June quarter of the previous fiscal, PNB said in a regulatory filing to the stock exchanges.
Total income during the April-June quarter of the current fiscal increased to Rs 11,746.59 crore from Rs 11,721.97 crore in the year-ago period.
However, gross non performing assets (NPA)has gone up from 3.34 per cent in the year-ago period to 4.84 per cent at the end of three months period ended June 30, 2013.
Shares of PNB were trading down by 5.94 per cent at Rs 591 apiece on the BSE in the afternoon trade.