PNB posts 28% rise in net profit in Q1

PNB reported 28% rise in its net profit at Rs 1,068 crore.

Public sector lender Punjab National Bank (PNB) on Thursday reported 28 per cent rise in its net profit at Rs 1,068 crore for the quarter ended June 30,2010.

In the year-ago quarter,net profit was Rs 832 crore.

Total income of the bank rose by 11 per cent to Rs 6,863 crore for the quarter,compared to Rs 6,177 crore in the corresponding quarter last year.

Net interest income of the bank rose by 45 per cent to Rs 2,618 crore during the first quarter,PNB said in a statement.

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It saw a 16 per cent rise in its interest earned at Rs 5,992 crore during the April-June period.

However,PNB’s net non-performing assets (NPAs) rose to 0.66 per cent in the quarter from 0.19 per cent last year.

Men who opened fire outside actor Disha Patani’s home killed in encounter in Ghaziabad

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Two men belonging to the Rohit Godara-Goldy Brar Gang were killed in an encounter in Ghaziabad, suspected to be involved in the firing outside Disha Patani's residence. The duo, identified as Ravindra and Arun, were wanted in multiple cases and were spotted by the police through CCTV footage. UP CM Yogi Adityanath had directed for a speedy investigation and strict action against the perpetrators.

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