Motilal Oswal
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Motilal Oswal
Earnings

PNB narrows Q4FY19 loss to Rs 4,750 crore while provisions rise to Rs 10,071 crore

Updated : May 28, 2019 02:24 PM IST

State-owned Punjab National Bank on Tuesday said it has narrowed its loss to Rs 4,750 crore in the last quarter of the fiscal ended March 2019.
The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18.
On assets front, the bank witnessed improvement with the gross non-performing assets (NPAs) reducing to 15.50 percent of gross advances at end of March 2019, as against 18.38 percent by March 2018.
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