 "PNB's Q4 points to moderation in NPAs")
Punjab National Bank has registered 12 per cent rise in net profit at Rs 343 crore during the first quarter of 2017-18, but farm debt waiver in some states has hit its bad debts.
The bank has got board approval to raise Rs 3,000 crore from equity and bonds each this financial year. Of this, the bank has already raised Rs 1,500 crore from bonds. As such, the bank has not asked the government for any capital this financial year, Sunil Mehta, MD & CEO, PNB told reporters here.
The bank has not taken a decision to cut savings rate
