Punjab National Bank posts biggest ever quarterly loss of Rs 13,417cr in Q4
Tuesday, May 15, 2018 IST
PNB has witnessed deterioration in gross net performing assets (NPAs) or bad loans, which rose to 18.38% of gross advances at the end of March this year, as against 12.53% a year ago.
The scam-hit Punjab National Bank (PNB) on Tuesday posted its largest ever quarterly loss of Rs 13,416.91 crore for the January-March period, mainly on account of high provisioning for bad loans.
The bank had reported a staggering standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17. The total income for the fourth quarter also declined to Rs 12,945.68 crore from Rs 14,989.33 crore in the year-ago period.
The bank has witnessed deterioration in gross net non-performing assets (NPAs) or bad loans, which rose to 18.38% of gross advances at the end of March this year, as against 12.53% a year ago. Net NPAs also soared to 11.24% against 7.81% a year ago.
Related Topics
Related News & Articles
The move will benefit more than one crore central government employees and pensioners.
Recently posted . 432 views . 0 min read
The Staff Selection Commission (SSC) has said the lesser architects' (considerate, mechanical, electrical and amount reviewing and contract) examination 2016 wi...
Recently posted . 539 views . 10 min read
India Post Payments Bank (IPPB) services are now available at 650 branches and 3,250 access points
Recently posted . 605 views . 1 min read
On the 120th birth anniversary of Netaji Subhash Chandra Bose on Monday, Prime Minister Narendra Modi on Monday hailed the progressive freedom fighter leader and ma...
Recently posted . 635 views . 31 min read
Lower crime rate and climate favour Hyderabad, while Pune has become attractive thanks to its quality housing facilities and availability of consumer goods for inte...
Recently posted . 559 views . 1 min read
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 61K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 7K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 7K views . 7 min read
True – Tr...
Recently posted . 6K views . 83 min read
More in National
Azim Premji backed his staff to take the decisions that would go on to make the IT industry what it is today.
Recently posted. 452 views . 0 min read
Vinod Khanna had starred in more than 100 films in a career spanning over five decades. In the 1980s, at the peak of his career, he quit films to join Osho’s ...
Recently posted. 1K views . 14 min read
The demonetisation drive by the Modi government has affected the land segment with the quantity of enquiries and walk-ins by homebuyers falling considerably as they...
Recently posted. 645 views . 37 min read
Recently posted . 973 views
Recently posted . 990 views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 1K views . 26 min read
Recently posted . 1K views . 126 min read
In a series of tweets, Shatrughan Sinha tagged PM Modi and said becoming the prime minister does not make anyone the wisest .
Recently posted. 630 views . 0 min read
The Consumer Affairs Ministry had in 2015 filed a complaint against Nestle India before the NCDRC using a provision for the first time in the nearly three-decade-ol...
Recently posted. 567 views . 1 min read