Punjab National Bank (PNB) has reported results for fourth quarter and year ended March 31, 2019.
The Bank has reported a net loss of Rs 4749.64 crore for the quarter under review as compared net loss Rs 13,416.91 crore for the same quarter in the previous year. However, total income of the Bank increased by 13.75% at Rs 14,725.13 crore for Q4FY19 as compared Rs 12,945.68 crore for the corresponding quarter previous year.
For the year ended March 31, 2019, the Bank has reported a net loss of Rs 9,975.49 crore as compared to net loss of Rs 12,282.82 crore for the previous year. However, total income of the Bank marginally increased by 3.18% at Rs 58,687.66 crore for year under review as compared to Rs 56,876.63 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the Bank has reported a net loss of Rs 9,570.11 crore as compared to net loss of Rs 12,113.36 crore for the previous year. However, total income of the Bank marginally increased by 3.31% at Rs 59,514.53 crore for year under review as compared to Rs 57,608.19 crore for year ended March 31, 2018.
