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Punjab National Bank puts nine of its large stressed accounts under IBC

09 Aug 2017 Evaluate

Punjab National Bank (PNB) has put nine of its large stressed accounts for resolution under Insolvency and Bankruptcy Code 2016 (IBC). The state-owned bank has taken this step for resolution of large ticket advances. The stressed assets, including restructured and gross non-performing assets (GNPAs), declined to Rs 68,772 crore as on June 30, 2017 from Rs 75,564 crore as on June-end in 2016.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.


Peers
Company Name CMP
State Bank Of India 940.40
PNB 116.05
Bank Of Baroda 235.00
Canara Bank 118.40
Union Bank Of India 172.65
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