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Wednesday, May 18, 2016

PNB reports Q4 loss of Rs 5,370 crore, biggest in Indian banking history

Punjab National BankBSE 3.25 % ( PNBBSE 3.25 % ) on Wednesday reported a net loss of Rs 5,370 crore in the March quarter. 

This was the biggest quarterly loss in India's bank history. 

The lender had reported a net profit of Rs 307 crore in the corresponding quarter of last year. An ET Now poll of analyst had expected the lender to report a profit of Rs 81 crore for the quarter. 


 

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Bank Unions Oppose PLI Scheme for Senior Bank Executives

AIBOC and AIBEA have written a letter to the DFS Secretary requesting him to review the recently introduced PLI Scheme for Senior Bank Execu...

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