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Earnings

Punjab National Bank Q2 results today: Net loss of Rs 1,200 crore expected

Updated : November 02, 2018 08:47:58 IST

State-owned Punjab National Bank (PNB) is set to report its quarterly earnings on Friday.

Here is what one can expect from the numbers:
  • PNB has to make a provision of Rs 5,315 crore in the remaining fiscal, which may keep pressure on the earnings.
  • Slippages can come down to Rs 4,000 crore versus Rs 7,300 crore, as per analysts.
  • Any improvement in gross non-performing assets (NPAs), which were at 18.26 percent, will be positive. However, provisions are expected to remain elevated not only on account of Nirav Modi’s account but also mark-to-market losses and ageing of NPAs.
  • The loan growth is expected to remain tepid at and around 3-5 percent. Last quarter it was close to 4 percent.
  • CNBC-TV18’s poll suggests net interest income (NII) growth of just 1.1 percent while the bank is likely to report a net loss of Rs 1,200 crore versus a profit of Rs 560 crore in the same quarter previous year.
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