While the bank witnessed lower slippages, overall stress still remains elevated
PNB's net profit is halved to Rs 30,636 crore for the quarter ended June 30 this year compared to Rs 72,071 crore in the corresponding period of the previous year
Post-IPO, PNB will continue to hold approximately 35-37% of the issued and paid-up share capital in the company
Gross bad loans as a percentage of total loans rose to 12.9% in March from 8.47% in December