Punjab National Bank logs loss of Rs 492 cr in Q3, asset quality improves

In terms of ratio, the GNPA for the recently concluded quarter improved sequentially, but was flat YoY, to 16.3 per cent. The NNPA ratio was 7.18 per cent.

State lender Punjab National Bank Tuesday reported a standlone net loss of Rs 492 crore in the December quarter of FY20 (Q3FY20) on account of higher provisions during the recently concluded quarter. However, the bank's asset quality improved on, both, yearly and sequential basis.

The bank's gross non-performing assets (GNPA) came in at Rs 76,809.20 crore for Q3FY20, down from Rs 77,733.33 crore reported in the same quarter last year. Sequentially, the GNPAs declined from 79,458.09 crore reported in Q2FY20. The net NPA (NNPA), meanwhile, stood at Rs 30,518.92 crore, down 14.4 per cent YoY and  6.5 per cent QoQ.