#PNB suffers record loss of Rs 5,367 crore in Q4 on high #NPAs
New Delhi: Reeling under huge bad loans, Punjab National Bank (PNB) today posted the record high quarterly loss by any public sector lender at Rs 5,367 crore for the fourth quarter ended March 31. A three-fold surge in provisioning for bad loans, including for power discoms and Punjab foodgrain related loans, were the main drags on the bank’s performance and it expects the pain to continue for some more time.
