Punjab National Bank on Wednesday reported Rs 5,367 crore loss in Q4 against Rs 51.01 crore profit compared to Q3 of the current fiscal.
The state lender reported gross NPAs at 12.9 per cent in Q4 compared with 8.47 per cent in Q3 of the current fiscal. Net NPAs, too rose to 8.61 per cent in the last quarter compared with 5.86 per cent in the preceding quarter.
The bank’s provisions and contingencies stood at Rs 10,485 crore in Q4 against Rs 3,775.53 crore in the preceding quarter.
Total income during the quarter decreased 1.33 per cent to Rs 13,276.19 crore from Rs 13,455.65 crore a year ago. For the full fiscal, the lender reported a net loss of Rs 3,974.39 crore compared with a net profit of Rs 3,061.58 crore in corresponding last fiscal. Total income during the year rose to Rs 54,301.37 crore as against Rs 52,206.09 crore in the previous fiscal.
The PNB stock was trading 0.20 per cent higher at Rs 73.95 on the BSE.
