BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Tuesday, May 28, 2019

Punjab National Bank (PNB) posted big loss in Q4--How it take control other bank????

Punjab National Bank (PNB) today reported a loss of ₹4,750 crore for the March quarter, bettering its performance from a year ago when it reported a loss of 13,417 crore. Fall in provisions, indicating better recovery, ample provisions and improving assets helped narrow the loss.

PNB’s provisions declined to ₹7,611 crore in Jan-Mar, from ₹12,970 crore.

PNB’s gross non-performing assets (NPA) fell to 15.5% from 18.38% while net NPAs declined to 6.56% from 11.24%.

The lender’s net interest income grew 37.1% from a year ago to ₹4,200 crore in the March quarter. Net interest margin, a key measure of profitability, rose to 2.45% from 1.90% in the March quarter of 2018.

The bank had incurred a net loss during the financial year 2017-18, after it discovered over ₹14,000 crore fraud, involving jewelers Mehul Choksi and Nirav Modi at its Mumbai Bradyroad branch in January, last year. Thereafter, PNB posted losses in three consecutive quarters beginning January-March (2017-18).


It turned profitable only in during the previous quarter (October-December).

No comments:

33.9 million Jobs: Good News! India plans to add 33.9 million jobs by 2028

33.9 million Jobs : India’s workforce is anticipated to expand from 423.73 million in 2023 to 457.62 million by 2028, adding a net gain of a...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">