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PNB's Q4 points to moderation in NPAs

Stock up 5% on Tuesday, but analysts concerned over lack of clarity on critical aspects

Dilasha Seth Hamsini Karthik & Abhijit Lele  |  New Delhi | Mumbai 

From posting its highest quarterly loss in the March 2016 quarter to turning profitable, FY17 has been a remarkable period for Punjab National Bank (PNB). The public sector lender posted a net profit of Rs 261.9 crore in the March 2017 quarter (Q4), against a net loss of Rs 5,367 crore in Q4 of FY16.   A sharp rise in net interest income, up 33 per cent year-on-year (y-o-y) to Rs 3,683 crore in Q4 and an equally noteworthy curbing in provisions for non-performing asset (NPAs) — down from Rs 10,773 crore a year ago to Rs 4,910 crore in Q4, helped the bank sustain its profit ...

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