Date:22/07/2006 URL: http://www.thehindubusinessline.com/2006/07/22/stories/2006072203400600.htm

Back P&SB net profit surges in Q1

Our Bureau

New Delhi, July 21

Punjab & Sind Bank (P&SB) has reported a net profit of Rs 46.87 crore for the quarter ended June 30, 2006 compared to Rs 5.95 crore recorded in the same period last year. Total income of the bank, for the period under review, increased to Rs 424 crore (Rs 331 crore). A statement issued here said that operating profit was up at Rs 88 crore (Rs 46 crore). P&SB is one among the five banks that had achieved the profit targets set for 2005-06.