Slippages will gradually dip every quarter: PNB chief Atul Kumar Goel

In a Q&A, the lender's MD & CEO says the bank's NPA ratio could improve further as it doesn't have any large loan that needs to be regarded as bad

Atul Kumar Goel, MD & CEO of Punjab National Bank says the lender's non-performing asset ratio could improve further as it does not have any large loan that needs to be recognised as bad, in an interview with Manojit Saha. Edited Excerpts:

Higher operating expenses and provisions caused the net profit to decline. Employee benefit expenses went up by 185 per cent in Q3. Is it a one-time hit, or do you see more provisions in the coming quarters?

The bipartite settlement [with employees’ unions for wage revision] was due in November 2022. In the December quarter, we provided Rs