Punjab National Bank (PNB) is reportedly aiming to bring down gross non-performing assets (GNPA) to a single digit in the current financial year, and would ensure slippages are less than recovery from bad loans. PNB will aim to bring down net NPAs below 4 per cent in the financial year 2022-23.
The lender declared its January-March earnings and posted a drop in its gross NPAs to 11.78 per cent from 14.12 per cent reported a year ago. Net NPAs stood at 4.80 per cent from 5.73 per cent a year ago and 4.90 per cent a quarter ago.
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.
