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

Professor of Financial Economics and Part-time Value Investor, Transfin.
Feb 5, 2020 9:14 AM 1 min read

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



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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