Global ratings agency Fitch has removed Punjab National Bank (PNB) from rating watch negative as further downside risk to the viability rating was less than what the agency had assessed earlier. The non-performing loan (NPL) ratio of Delhi-based public sector lender PNB has peaked. Its gross NPL ratio of 17.1 per cent and specific loan-loss allowance ratio of 52.9 per cent have seen a slight improvement since FY18.
But these remain weaker than those of most comparable peers. However, profitability remains under pressure. PNB may report another loss in the financial year ending ...
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