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Last Updated : Feb 07, 2017 11:12 AM IST | Source: CNBC-TV18

PNB Q3 NII seen at Rs 3931 cr, slippages & credit cost key

Key questions of analysts are that will bank's slippages continue to trend downwards; will recovery & upgrades continue; will credit cost fall further and will gross non-performing assets improve further.


Public sector lender Punjab National Bank (PNB) is expected to report net interest income at Rs Rs 3,931 crore in the quarter ended December 2016, lower compared with Rs 4,119.6 crore in year-ago quarter.


Key questions of analysts are that will bank's slippages continue to trend downwards; will recovery & upgrades continue; will credit cost fall further and will gross non-performing assets improve further.


Slippages in Q2FY17 fell 32.8 percent on sequential basis at Rs 6,202 crore and recoveries were at Rs 10,778 crore in first half of current financial year 2016-17 against fresh slippages of Rs 12,662 crore.

Close

Credit cost in September quarter was at 225 basis points against 370 basis points in previous quarter and stress portfolio declined to 18.23 percent from 18.58 percent QoQ.


Gross non-performing assets in Q2 were at 13.63 percent of total gross advances against 13.75 percent in previous quarter.


Low cost deposit ratio, which stood at 42.1 percent against 41.4 percent QoQ in September quarter, is expected to rise more in Q3, analysts say.



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First Published on Feb 7, 2017 08:52 am
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