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PNB posts Rs 940 cr loss in Q1

Press Trust of India  |  New Delhi 

Fraud-hit (PNB) today reported a loss of Rs 940 crore for the June quarter of 2018-19.

The public sector had posted a net profit of Rs 343.40 crore in the April-June quarter of 2017-18.

Total income of the rose to Rs 15,072 crore from Rs 14,468.14 crore in the year-ago period.

also reported a decline in its bad assets metrics, with gross non-performing assets (NPAs) rising to 18.26 per cent of gross advances as on June 30, 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 13:10 IST