PNB - Q3FY13 Result First-Cut - Microsec

Punjab National Bank Ltd has announced its Q3FY13 result on 31st January 2013.

The bank's total income increased by 3.27% QoQ and 4.75% YoY to INR4703.83 crores. Whereas, Profit After Tax (PAT) increased by 22.53% QoQ and 13.53% YoY to INR1305.62 crores. During the quarter, bank has decreased its Provision by 25.35% QoQ and 15.27% YoY to INR801.59 crores which has boosted its bottom line.

Bank's loans book and total deposits expanded by 13.22% and 8.21% YoY to INR297313 and INR385785.09 crores respectively. On the asset quality front, the bank's has improved its asset quality. GNPA and NNPA decreased by 5bps and 13bps QoQ to 4.61% and 2.56% respectively. On the margin front, Net Interest Margin (NIM) declined by 3bps QoQ and 38bps YoY to 3.47%, however bank has maintained its NIM guidance of 3.5% For FY13. Capital Adequacy Ratio (CAR) improved by 18bps YoY to 11.66%, which is almost 2.66% higher than the regulator's stipulated norm. Moreover, Provision Coverage Ratio (PCR) of the bank is still not in satisfactory level.

Source : Equity Bulls

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