Punjab National Bank today reported a 12.7 per cent increase in net profit for the quarter ended June 30 at Rs 1,246 crore (Rs 1,105 crore).
ICICI Bank has reported a 36 per cent rise in net profit to Rs 1,815 crore on a standalone basis for the first quarter of FY13.
Central Bank of India’s first-quarter net profit grew by about one-fifth as the bank earned a higher interest on its advances. For the April to June quarter, the bank’s net profit grew to about Rs 336 crore from Rs 281 crore, a year ago.
Lower provisioning helped Bank of India report a 71 per cent jump in the April-June period net profit at Rs 887 crore as compared with Rs 517.5 crore in the year ago period.
Lower provisioning for NPAs and higher net interest income lifted Vijaya Bank’s first quarter net profit by 54 per cent to Rs 111.36 crore.