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
Congress nominee's ‘Constitution forced on Goa’ remarks invite PM’s ire; BJP files complaint
A defiant Fernandes says he is ready for a debate on his con...
'My mother's mangalsutra was sacrificed for this country'; Priyanka Gandhi's blistering attack on PM
Priyanka was referring to Modi's allegations that the Congre...
Excise policy case: Arvind Kejriwal, Kavitha to remain in jail as Delhi court extends their judicial custody till May 7
They were produced before the court through video conference...
Misleading advertisements: Supreme Court turns heat on IMA; poses questions on alleged unethical conduct of its members
A Bench led by Justice Hima Kohli expands scope of hearing a...
Why is Prime Minister Narendra Modi building on ‘M’ factor, is low voter turnout in Phase 1 the reason?
Attacking the Congress using the ‘M’—manifesto, ‘mangalsutra...
