Punjab and Sind Bank H1 net dips 22 per cent

Our Economic Bureau

New Delhi, Nov 5: Punjab and Sind Bank has registered a 22 per cent fall in its first-half net profit to Rs 18.80 crore. Its total income, though, grew 8 per cent to Rs 725.55 crore for the half-year ended September 30, 2001.

The net profit for the corresponding period in the previous year was Rs 24.20 crore and the total income was Rs 671.94 crore, a bank press release said here on Monday. The bank’s total deposits during the first half of 2001 grew by a marginal 2.32 per cent to Rs 12,180.75 crore against Rs 11,904.71 crore in the previous year period, it said.