Punjab National Bank

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This is a collection of articles archived for the excellence of their content.

Q4/ 2016: highest loss in Indian banking history

The Times of India, May 19 2016

PNB's Rs 5,367cr Q4 loss bigges or Indian bank

Punjab National Bank, the third largest state-run lender, reported record quarterly losses of Rs 5,367 crore for the three months ended March, and it set aside more funds for potential losses from bad debt.

Bank MD and chief ex ecutive Usha Ananthasubramanian said the bank had seen a three-fold jump in provisions for non-performing assets, which added up to Rs 11,380 crore. This included Rs 385 crore for electricity distribution firms, whose loans have been restructured under a scheme overseen by the government, and Rs 166 crore loans extended to Punjab for foodgrains.