CNBC TV18
LIVE TV

Home

Latest News
Featured

Live TV

Market Live
Minis
Podcasts

CNBC-TV18 Specials

Photos
CNBC-TV18 Binge
Storyboard

Sections

Terms and Conditions

homevideos Newsearnings NewsPunjab National Bank Q2 results today: Net loss of Rs 1,200 crore expected

Punjab National Bank Q2 results today: Net loss of Rs 1,200 crore expected

Profile image

By Abhishek Kothari  Nov 2, 2018 8:47:58 AM IST (Published)

Listen to the Article(6 Minutes)
State-owned Punjab National Bank (PNB) is set to report its quarterly earnings on Friday.

Here is what one can expect from the numbers:
  • PNB has to make a provision of Rs 5,315 crore in the remaining fiscal, which may keep pressure on the earnings.
  • Slippages can come down to Rs 4,000 crore versus Rs 7,300 crore, as per analysts.
  • Any improvement in gross non-performing assets (NPAs), which were at 18.26 percent, will be positive. However, provisions are expected to remain elevated not only on account of Nirav Modi’s account but also mark-to-market losses and ageing of NPAs.
  • The loan growth is expected to remain tepid at and around 3-5 percent. Last quarter it was close to 4 percent.
  • CNBC-TV18’s poll suggests net interest income (NII) growth of just 1.1 percent while the bank is likely to report a net loss of Rs 1,200 crore versus a profit of Rs 560 crore in the same quarter previous year.
    • Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

    Tags

    net interest income (NII)Nirav Modinon-performing assets (NPAs)PNB q2 earningspnb q2 numbersPNB results previewpreviewPunjab National Bank (PNB)

    Lok Sabha elections: 4th phase sees over 68% voter participation, West Bengal leads with 76% turnout

    May 14, 2024 1:47 AM

    Lok Sabha elections phase 4 witnesses around 67% voter turnout, experts weigh in on key contests

    May 14, 2024 12:06 AM

    Lok Sabha Election 2024: Shiv Sena UBT’s Arvind Sawant highlights Uddhav Thackeray's vision for Mumbai’s progress

    May 13, 2024 9:21 PM

    Exclusive interview: 'Southern states will be a big surprise,' says PM Modi

    May 13, 2024 9:05 PM
    View More

    Most Read

    Share Market Live

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CurrencyPriceChange%Change