PNB narrows Q4 loss to Rs 4,750 cr; asset quality, PCR improve

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26 Aug, 2025 12:21

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State-owned Punjab National Bank has narrowed its loss to Rs 4,750 crore in January-March quarter due to lower provisions and also improved its asset quality & provision coverage ratio.

The lender had reported a big loss of Rs 13,417 crore in corresponding period last fiscal due to Neerav Modi-led scam.

Net interest income, the difference between interest earned and interest expended, grew by 37.15 percent YoY to Rs 4,200.3 crore in quarter ended March 2019 with loan growth at 5.7 percent YoY.

On the assets front, gross non-performing assets as a percentage of gross advances reduced to 15.5 percent (Rs 78,473 crore) against 16.33 percent (Rs 77,733 crore) in previous quarter.

Likewise, the net NPAs as a percentage of net advances also dropped to 6.56 percent (Rs 30,038 crore) against 8.22 percent (Rs 35,675 crore) on sequential basis, reports CNBC-TV18.

The bank improved its provision coverage ratio to 74.5 percent in March quarter against 68.9 percent in December quarter but net interest margin contracted sequentially to 2.45 percent against 2.64 percent.

Provisions for bad loans halved to Rs 10,071 crore in March quarter compared to Rs 20,353.1 crore in same period last fiscal, but increased sharply compared to Rs 2,754 crore reported in December quarter.

Fresh slippages at the end of March quarter doubled to Rs 6,710 crore against Rs 3,324 crore in Q3FY19.

Punjab National Bank said gross NPA divergence for FY18 was at Rs 895.7 crore and provision divergence at Rs 3,767 crore.

Its reported FY18 net NPA stood at Rs 48,684 crore against RBI's assessment of Rs 45,813 crore and reported net loss at Rs 12,283 crore against RBI assessment of Rs 16,049 crore loss.

At 13:26 hours IST, the stock was quoting at Rs 88.60, down Rs 0.70, or 0.78 percent on the BSE.