In a bid to clean up its balance sheet, the Punjab National Bank (PNB) has identified 53 corporate non-performing loans worth Rs 6,300 crore for sale to asset reconstruction companies (ARCs). The bank, which has substantial exposure to stressed sectors such as steel, will stop additional lending to these sectors.
The bank reported a net loss of Rs 5,367 crore for the March 2016 quarter. Its gross NPA grew to Rs 55,818 crore (12.9 percent) at the end of March 2016 from Rs 25,684 crore in FY15, compared to 6.55 percent a year ago. Its net NPAs, too, doubled to 8.61 percent from 4.06 percent.
| Company Name | CMP |
|---|---|
| SBI | 1019.55 |
| PNB | 107.20 |
| Canara Bank | 134.35 |
| Bank Of Baroda | 264.05 |
| Union Bank Of India | 166.15 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: