Business Standard

PNB Q4 loss narrows to Rs 697 cr, CEO expects Rs 8k-cr recovery this fiscal

The bank's total income during the March quarter rose to Rs 16,388.32 crore from Rs 14,725.13 crore in the year-ago period

PNB, Punjab national bank
Premium

The bank is sufficiently capitalised not in terms of regulatory requirement but in terms of growth needs

Press Trust of India New Delhi
State-owned Punjab National Bank (PNB) has said its standalone net loss narrowed to Rs 697.20 crore in the quarter ended March 31 due to lower provisioning against bad loans.
The second-largest public-sector lender had posted a loss of Rs 4,750 crore in the January-March period of 2018-19.
The bank's total income during the March quarter rose to Rs 16,388.32 crore from Rs 14,725.13 crore in the year-ago period.
Addressing the media PNB managing director S S Mallikarjuna Rao on Saturday said the bank has done the cash recovery of Rs 10,000 crore during the fiscal, while containing the fresh slippages to Rs 20,000

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 20 2020 | 6:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com