Business Daily from THE HINDU group of publications
Wednesday, Oct 18, 2006
ePaper
Business Daily from THE HINDU group of publications Wednesday, Oct 18, 2006 ePaper |
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Corporate Results
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Private Banks Money & Banking - Financial Performance Punjab & Sind net doubles Our Bureau
New Delhi , Oct. 17 The Punjab & Sind Bank has reported a net profit of Rs 72.93 crore for the quarter ended September 2006 recording an increase of 102.13 per cent compared with Rs 36.08 crore in the second quarter last fiscal, according to an official release. The bank's total deposit grew by 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. Gross advances increased by 55.28 per cent from Rs 7,255 crore to Rs 1,266 crore in September 2006. Net NPAs too came down from 5.96 per cent in the second quarter last fiscal to 1.81 per cent in September this year, the release said.
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