Punjab National Bank (PNB) had posted a net profit of Rs 306.56 crore in the corresponding period of the previous fiscal.

Total income during the quarter decreased 1.33 percent to Rs 13,276.19 crore from Rs 13,455.65 crore a year ago.

Provisioning for NPAs grew almost threefold to Rs 10,485.23 crore in the fourth quarter compared with Rs 3,834.19 crore in the previous fiscal.

As far as asset quality concerned, Gross Non-Performing Assets (NPAs) rose to 12.90 per at the end of March, from 6.55 percent a year ago. Net NPAs too jumped to 8.61 percent as against 4.06 percent.

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.

PNB's shares were trading 0.34 percent higher at Rs 74.05 on BSE.

 Latest News from Business News Desk