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Punjab National Bank Wednesday reported a 5.8 percent rise in the net profit at Rs.

1,201 crore for the quarter ended March 31 as against Rs.1,135 crore during the like period of the last fiscal.

The total income during the quarter under review stood at Rs.8,587 crore, up 32.9 percent, as compared to Rs.6,461 crore in the like period of the previous fiscal.

On annual basis, the net profit of the company stood at Rs.4,434 crore, up 13.5 percent, as against Rs.3,960 crore in the like period last fiscal.

While the total income during the fiscal stood at Rs.30,599 crore, up from Rs.24,879 crore in the previous fiscal.

The board has recommended a dividend of Rs.22 per share.

At the Bombay Stock Exchange, the shares of the company closed at Rs.1,118.55.

Concluded.

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