Punjab & Sind Bank’s net loss widens to Rs 117 crore in Q1

Punjab & Sind Bank | Bank - Public | BFSI | BSE: 533295 | NSE: PSB

10 Aug 2020 Evaluate

Punjab & Sind Bank has reported results for first quarter ended June 30, 2020.

The Bank has reported a net loss of Rs 116.89 crore for the quarter under review against net loss of Rs 30.28 crore for the same quarter in the previous year. Total income of the bank decreased by 12.67% at Rs 1,954.39 crore for Q1FY21 as compared Rs 2,237.91 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 14.34%, as compared to 12.88% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.57% in Q1FY21.

Peers

Company Name	CMP
State Bank Of India	980.80
PNB	116.20
Bank Of Baroda	234.90
Canara Bank	123.25
Union Bank Of India	176.90
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