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Punjab National Bank today said that it has raised Rs 1,000 crore through long-term bonds on private placement basis.
“The bank has raised Rs 1,000 crore long-term bonds at an annual coupon of 8.23 per cent on private placement basis on February 09, 2015, through five arrangers,” the company said in a BSE filing.
During the third quarter ended December 31, 2014, the company reported a marginal increase of 2.5 per cent in net profit to Rs 774.56 crore.
This was against a net profit of Rs 755.41 crore for the October-December quarter of the 2013-14 financial year.
Its gross NPAs as a percentage to total advances rose to 5.97 per cent from 4.96 per cent in the same quarter an year-ago, while its net NPAs went up to 3.82 per cent from 2.80 per cent at the end of December 2013.
Total income increased to Rs 12,904.85 crore for the quarter ended December 31, 2014 from Rs 11,922.30 crore in the same quarter last fiscal. Operating profit of PNB remained flat at Rs 2,751 crore against Rs 2,702 crore in the year-ago period.
Shares of PNB were trading at Rs 172 apiece, up 3.12 per cent from their previous close on BSE.
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