PNB posts Rs 1,019 crore profit in Q1
  • WebDesk BTVI
  • Jul 26 2019

Punjab National Bank posted profit after tax at Rs Rs 1,019 crore vs loss of Rs 940 crore (YoY) in Q1. The bank’s gross NPA stood at 16.49% vs 15.50% (QoQ) while net NPA stood at 7.17% vs 6.56% (QoQ). The bank’s provision for NPAs has come in at Rs 2,147 crore vs Rs 4,982 crore, down 57% (YoY). Provision and contingencies stood at Rs 2,023 crore vs Rs 4,982 crore (YoY).