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Punjab & Sind Bank’s net loss widens to Rs 2376 crore in Q3

08 Feb 2021 Evaluate

Punjab & Sind Bank has reported results for third quarter ended December 31, 2020.

The Bank has reported a net loss of Rs 2375.53 crore for the quarter under review against net loss of Rs 255.49 crore for the same quarter in the previous year. Total income of the bank decreased by 10.05% at Rs 1982.52 crore for Q3FY21 as compared Rs 2077.01 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 13.14%, as compared to 13.58% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.84% in Q3FY21.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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