PNB to bring down NPAs, ensure high loan recoveries: Atul Kumar Goel

The lender declared its January-March earnings Wednesday, and posted a drop in its gross NPAs to 11.78 per cent from 14.12 per cent reported a year ago

State-owned Punjab National Bank (PNB) will bring down gross non-performing assets (GNPA) down to a single digit in the current financial year, and would ensure slippages are less than recovery from bad loans, its Managing Director Atul Kumar Goel said.

“Our target is that every quarter, additions should be less than the recovery…On the basis of this plan, I am telling you gross (NPA) numbers will come in the single digit. We will monitor this from the top into the zonal, circle heads on a fortnightly basis,” Goel said at post earning press conference.

The lender declared its January-March earnings