No end to PNB woes as Q2 loss hits ₹4,532 crore
Punjab National Bank's total provisioning increased to 9,757 crore in September quarter from 2,440 crore in the year-ago period
New Delhi: The woes of Punjab National Bank (PNB) are not over. The scam-hit bank on Friday reported its third consecutive quarterly loss at ₹ 4,532 crore for the three months ended September because of a substantial increase in provisions for bad debts. The lender posted a loss of ₹ 940 crore in the previous quarter and a profit of ₹ 560 crore in the year-ago period.
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