PNB’s gross NPAs rose to 18.38% of gross advances at the end of March this year, as against 12.53% year ago. Photo: AFPNew Delhi: Shares of Punjab National Bank (PNB) on Tuesday fell by 6% after the company posted largest ever quarterly loss of Rs13,416.91 crore for the March 2018 quarter. PNB shares fell 3.80% to close at Rs86 on BSE. In terms of equity volume, 19.98 lakh shares of the company were traded on BSE and over 2 crore shares changed hands at NSE during the day. The scam-hit bank posted a loss of Rs13,416.91 crore for the quarter ended 31 March, mainly on account of high provisioning for bad loans.

Source: Mint May 15, 2018 11:48 UTC