PNB, the country's second-largest public sector bank by assets had reported net profit of Rs 774.58 crore for the October-December quarter of the 2014-15 fiscal.

The total income increased to Rs 13,891.2 crore for the quarter ended December, up 7.64 percent, from Rs 12,904.85 crore in the same quarter last financial year.

Gross NPAs as a percentage to total advances rose to 8.47 percent from 5.97 per cent in the same quarter an year ago.

Net non-performing assets (NPAs) went up to 5.86 percent from 3.82 percent at the end of December 2014, the bank said.

Reacting to the bank's quarterly numbers, PNB's shares declined by 4.56 percent to Rs 90.05 on BSE.

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