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PNB Reports Loss of ?492cr for Q3 vs a Net Profit of ?247cr An Year Ago

PNB reports loss of ?492cr for Q3 vs a net profit of ?247cr an year ago.

 

EARNINGS

PNB reports loss of ?492cr ($68m) for Q3.

State lender Punjab National Bank (PNB) today reported loss of ?492cr ($68m) for Q3 on the back of higher provisioning for non-performing assets (NPAs). 

 

The bank had posted a net profit of ?247cr ($34m) for the same period a year ago.

 

Total income during the quarter under review stood at ?15,967cr ($2,236m) vs ?14,854cr ($2080m) last year.

 

Gross non-performing assets (NPAs) of the bank stood at 16.30% of gross advances as at December-end 2019, down from 16.33% by the year-ago same period. ET Markets

 

Bharti Airtel reports consolidated loss of ?1,035cr ($144.25m) for Q3.

Telecom giant Bharti Airtel has reported a consolidated loss of ?1,035cr ($144.25m) for Q3. For the same period last year, it had reported a profit of ?86cr ($11.98m). Meanwhile, average revenue per user (ARPU) improved to ?135 from ?128. More details here.

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