The bank had reported standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17. File photo
New Delhi, May 15
Scam hit Punjab National Bank (PNB) today posted largest ever quarterly loss of Rs 13,416.91 crore for January-March period, mainly on account of high provisioning for bad loans.
The bank had reported 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 performing assets (NPAs) or bad loans, which rose to 18.38 per cent of gross advances at the end of March this year, as against 12.53 per cent year ago.
Net NPAs were also soared to 11.24 per cent against 7.81 per cent a year ago. PTI
Most Read In 24 Hours
Don't Miss
View All
Top News
Election Commission sends notices to PM Modi, Rahul, Kharge over violation of Model Code of Conduct
ECI invokes Section 77 of Representation of People Act, hold...
Deeply biased: MEA on US report citing human rights violations in India
The annual report of the State Department highlights instanc...
BSP announces candidates for Fatehgarh Sahib, Bathinda Lok Sabha seats in Punjab
The party fields Kulwant Singh Mehto from Fatehgarh Sahib an...
Family meets Amritpal Singh in Assam jail after his lawyer claims he'll contest Lok Sabha poll from Punjab’s Khadoor Sahib
Amritpal Singh's father Tarsem Singh, uncle Sukhchain Singh,...
Saurabh Bharadwaj alleges conspiracy to halt Delhi mayoral polls, oust AAP from MCD
The minister also accuses Chief Secretary Naresh Kumar of fl...
