 "PNB, Punjab national bank")
State-owned Punjab National Bank (PNB) has said its standalone net loss narrowed to Rs 697.20 crore in the quarter ended March 31 due to lower provisioning against bad loans.
The second-largest public-sector lender had posted a loss of Rs 4,750 crore in the January-March period of 2018-19.
The bank's total income during the March quarter rose to Rs 16,388.32 crore from Rs 14,725.13 crore in the year-ago period.
Addressing the media PNB managing director S S Mallikarjuna Rao on Saturday said the bank has done the cash recovery of Rs 10,000 crore during the fiscal, while containing the fresh slippages to Rs 20,000
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