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Punjab & Sind Bank’s net loss narrows to Rs 401 crore in Q2

13 Nov 2020 Evaluate

Punjab & Sind Bank has reported results for second quarter ended September 30, 2020.

The Bank has reported a net loss of Rs 401.27 crore for the quarter under review against net loss of Rs 468.73 crore for the same quarter in the previous year. Total income of the bank decreased by 10.05% at Rs 1999.19 crore for Q2FY21 as compared Rs 2222.57 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 14.06%, as compared to 13.64% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.87% in Q2FY21.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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