/ Punjab & Sind Bank reports net loss of Rs 398.02 crore in Q1 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 9 August 2018

Punjab & Sind Bank has reported results for first quarter ended June 30, 2018.The Bank has reported a net loss of Rs 398.02 crore for the quarter under review as compared to a net profit of Rs 25.37 crore for the same quarter in the previous year. However, total income of the Bank increased by 13.26% at Rs 2,336.04 crore for Q1FY19 as compared Rs 2,062.57 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 10.55%, as compared to 11.33% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.92% in Q1FY19

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