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Our Correspondent New Delhi: PNB Housing Finance on Tuesday said its net profit rose 11 per cent to Rs 284.50 crore during the first quarter of the current fiscal year. The company had posted a net profit of Rs 255.80 crore in the corresponding April-June quarter of 2018-19. Total income for April-June quarter of 2019-20 increased to Rs 2,232.58 crore from Rs 1,648.31 crore in the same period of the previous fiscal, PNB Housing Finance said in a release. Net interest income registered a growth of 45 per cent to Rs 625.50 crore from Rs 432.8 crore. Also Read – Thermal coal import may surpass 200 MT this fiscalThe company’s net interest margin — a key gauge of profitability — rose to 3.14 per cent in June quarter from 2.74 per cent a year ago, it said. Gross non-performing assets (NPA) stood at 0.85 per cent of the loan assets as on June 30, 2019 as against 0.43 per cent as on June 30, 2018. At Asset Under Management (AUM) level, gross NPA was at 0.76 per cent. Net NPA stood at 0.67 per cent of the loan assets as against 0.33 per cent last year. The cumulative ECL (expected credit loss) provision as on June 30, 2019 was Rs 598 crore. In addition to the ECL provision, the company has Rs 156.5 crore as a steady state provision for unforeseeable macro-economic factors, it said. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostTotal provision to assets stood at 0.99 per cent as on June 30, 2019 compared with 0.74 per cent on June 30, 2018, it further said. The company’s disbursements stood at Rs 7,634.3 crore during June quarter as compared with Rs 9,767.3 crore in the same quarter last year. Its corporate disbursement fell 81 per cent to Rs 604.5 crore from Rs 3,172 crore. The AUM stood at Rs 88,332.9 crore as on June 30, 2019, up from Rs 68,577.5 crore a year ago.