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Punjab National Bank reports net loss of Rs 940.01 crore in Q1

Punjab National Bank has reported results for first quarter ended June 30, 2018.

The Bank has reported a net loss of Rs 940.01 crore for the quarter under review as compared to net profit of Rs 343.40 crore for the same quarter in the previous year. However, total income of the Bank increased by 4.18% at Rs 15,072.41 crore for Q1FY19 as compared Rs 14,468.14 crore for the corresponding quarter previous year.

The Bank's gross NPA for the April-June quarter of the current fiscal increased to 18.26%, as compared to 13.66% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 10.58% in Q1FY19.

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