The Punjab National Bank, country’s second major public sector lender, recorded 86% surge in net profit for the three month period ended December 31, 2008 

The bank has posted a net profit at Rs 1,006 crore for the quarter ended December 31, 2008 against Rs 541 crore for the same quarter previous year.

According to sources, the bank has registered a 51% surge in total income at Rs 6,240 crore for the quarter as compared to Rs 4,119 crore in the corresponding quarter a year ago.