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PNB Deepened Q4 Loss To Rs 4,750 Crore


On Tuesday, Punjab National Bank said that the last quarter of fiscal has deepened its loss to Rs 4740 crore which ended in March 2019. The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.
The bank on assets front has witnessed improvement with gross non-performing assets (NPA) thinning to 15.50 percent of gross advances at the end of March 2019, as against 18.38 percent by March 2018. The net NPAs or bad loans were trimmed to 6.56 percent against 11.24 percent, the bank said.
The stock of PNB traded at Rs 87.90 on BSE, down 1.51 percent at 1:47 PM.
Read EquityPandit’s Technical Analysis Of Nifty PSU Bank

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