CapitalMarket.com - PNB slips as bad loans rise
Hot Pursuit Friday, July 27, 2012 12:19 Hrs IST

Print this page


PNB slips as bad loans rise

Punjab National Bank fell 1.61% at Rs 744 at 12:23 IST on BSE as bank's ratio of net non-performing assets to net assets rose to 1.68% of net advances as on 30 June 2012 from 1.52% as on 31 March 2012 and 0.86% as on 30 June 2011.

The result was announced during trading hours today, 27 July 2012.

Meanwhile, the BSE Sensex was up 309.18 points, or 1.86%, to 16,949.

On BSE, 2.59 lakh shares were traded in the counter as against an average daily volume of 73,098 shares in the past one quarter.

The stock hit a high of Rs 778 and a low of Rs 740.55 so far during the day. The stock had hit a 52-week high of Rs 1,143.90 on 1 August 2011. The stock had hit a 52-week low of Rs 703.45 on 23 May 2012.

The stock had underperformed the market over the past one month until 26 July 2012, sliding 3.13% compared with the Sensex's 1.58% fall. The scrip had also underperformed the market in past one quarter, falling 10.90% as against 2.87% fall in the Sensex.

The large-cap bank has an equity capital of Rs 339.18 crore. Face value per share is Rs 10.

The ratio of gross non-performing assets (NPA) to gross assets rose to 3.34% as on 30 June 2012 from 2.93% as on 31 March 2012 and 2% as on 30 June 2011.

The bank's net profit rose 12.72% to Rs 1245.67 crore on 24.59% growth in total income to Rs 11710.97 crore in Q1 June 2012 over Q1 June 2011.

The bank's provisions and contingencies rose 15.55% to Rs 1032.49 crore in Q1 June 2012 over Q1 June 2011. The provisioning coverage ratio was 62.81% as on 30 June 2012.

Capital adequacy ratio as per Basel II norms was 12.57% as on 30 June 2012 from 12.63% as on 31 March 2012 and 12.40% as on 30 June 2011.

The bank's ratio of return on assets on an annualised basis was 1.08% as on 30 June 2012, 1.28% as on 31 March 2012 and 1.16% as on 30 June 2011.

Government of India holds 56.10% stake in Punjab National Bank (as on 30 June 2012).

Previous Stories
More 4
Other Stories
4  Cairn India recovers after 3-day 7.4% slide (24-May 15:21 Hrs IST)
4  SBI drops 9.11% in two days on weak Q4 earnings (24-May 15:18 Hrs IST)
4  MRPL hits 52-week low after reverse turnaround in Q4 (24-May 14:55 Hrs IST)
4  Jaiprakash Associates gains on bargain hunting (24-May 14:55 Hrs IST)
4  Maruti Suzuki recovers after 3-day 5.4% slide (24-May 14:27 Hrs IST)
4  Coal India in demand ahead of FY 13 consolidated earnings (24-May 14:12 Hrs IST)
4  PTC India gains after good Q4 earnings (24-May 14:10 Hrs IST)
4  KVB inches up after Q4 results (24-May 13:49 Hrs IST)
4  Volumes jump at Carborundum Universal counter (24-May 13:21 Hrs IST)
4  Adani Power rises on bargain hunting (24-May 12:30 Hrs IST)
Next4