Home - Banking News - Rs 13,417,00,00,000 is the total Loss of PNB in Q4 FY 2017-18

Rs 13,417,00,00,000 is the total Loss of PNB in Q4 FY 2017-18

PNB Q4 Financial Results – Fraud hit Punjab National Bank (PNB) has reported a loss of Rs 13,417 crore in Q4 of FY 2017-18. The Provisions for bad assets in the Q4 FY 2017-18 has increased to Rs 16,202 crore, from Rs 5,753.3 crore in March quarter 2017. PNB Capital Adequacy Ratio (CAR) dipped to 9.2 percent, below the minimum of 11.5 percent laid down by Basel-III norms due to high provisions. The core equity tier-1 ratio of 5.96 percent, just above the regulatory minimum of 5.5 percent. The total provision made by PNB in Q4 is Rs 20,353 Crore.

Total loss to PNB on account of the Nirav Modi-scam is Rs 14,356.84 crore.

PNB Detected Rs 1.13 Lakh Crore Fraudulent Transactions

The Gross NPA of Punjab National Bank has increased to 18.38% from 12.50% as on 31st March 2017. Net NPA ratio also deteriorated to 11.24 percent from 7.55 percent in the previous quarter and 7.81 percent in the year-ago period.

Probable List of Public Sector Banks For Merger

NII or Net interest income (the difference between interest earned and expended) was down by 16.8 percent to 3,063.3 crore, as against Rs 3,683.5 crore in the same quarter a year ago.

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