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15 May 2018
 |
| PNB (The Total Investment & Insurance Solutions) |
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 Total
Investment & Insurance Solutions
The
bank had reported a staggering standalone profit of Rs 261.90 crore in the
fourth quarter of 2016-17. The Total
Investment & Insurance Solutions
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 percent of gross advances at the end of March this
year, as against 12.53 percent year ago.
Net
NPAs were also soared to 11.24 percent against 7.81 percent a year ago.The Total Investment & Insurance
Solutions
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