PNB's standalone Q4FY20 net loss narrows to Rs 697 cr

New Delhi: State-run lending major Punjab National Banks standalone Q4FY20 net loss narrowed to Rs 697.20 crore. The bank had posted a loss of Rs 4,750 crore during the fourth quarter of the previous fiscal.

In the quarter under review, PNB's total provision was down to Rs 4,629 crore against Rs 7,611 crore on this account for the same period a year ago.

Similarly, the NPA or bad loan provision for the quarter was down Rs 4,618 crore from Rs 9,154 crore reported for corresponding period of previous fiscal.

However, the bank's net interest income, was up 11.4 per cent in Q4FY20 to Rs 4,678 crore from Rs 4,200 crore reported for the corresponding period of the previous year. (IANS)

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