Punjab National Bank Q1 net up 2.61 pc to Rs 367 cr

Mumbai, July 31 (UNI) Punjab National Bank has posted a net profit of Rs 367.52 crore for the quarter ended June 30, 2006, as compared to Rs 358.16 crore for the corresponding quarter last financial year, an increase of 2.61 per cent.

Announcing the results, the bank said its total income has increased from Rs 2,542.79 crore for the quarter ended June 30, 2005 to Rs 2,921.80 crore for the same quarter this year.

Further, the bank's board has declared a final dividend of 60 per cent which is equivalent to Rs six per share for FY-06.

This is an addition to the interim dividend of 30 per cent at Rs three per share paid on December 19, 2005.

With the declaration of final dividend, the total dividend for FY-06 is 90 per cent.

UNI SN GK AW1557