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PNB This fall Results: Public sector Punjab National Bank has suffered heavy losses within the fourth quarter. The firm’s standalone web revenue declined by 66 per cent to Rs 202 crore within the fourth quarter of the final monetary 12 months ended March 2022. While the financial institution’s non-performing property (NPAs) declined throughout the quarter, its earnings declined as a result of increased provisions.
Last 12 months had a web revenue of Rs 586 crore
Let us inform you that in the identical quarter of the earlier monetary 12 months, the financial institution had earned a web revenue of Rs 586 crore. In a communication to the inventory exchanges, the financial institution mentioned on Wednesday that its complete standalone earnings stood at Rs 21,095 crore throughout the quarter, as in opposition to Rs 21,386 crore within the year-ago interval.
Decline in NPAs
The financial institution’s standalone web revenue rose to Rs 3,456.96 crore for the complete monetary 12 months 2021-22 from Rs 2,021.62 crore in 2020-21. The financial institution’s gross non-performing property declined to 11.78 per cent as of March 2022, from 14.12 per cent a 12 months in the past.
How a lot dividend will the shareholders get
The web NPA of the financial institution additionally got here down from 5.73 per cent to 4.8 per cent. The financial institution’s provision for unhealthy loans and contingencies elevated from Rs 3,540.32 crore to Rs 4,851.47 crore within the fourth quarter. The board of administrators of the financial institution has really helpful a dividend of 64 paise per share on the face worth of Rs 2 for 2021-22.
steady fall in inventory
Talking concerning the share value of the corporate, after right now’s buying and selling, the share of PNB fell 0.45 p.c and closed on the stage of Rs 33.15. At the identical time, within the final one month, the corporate’s inventory has seen a fall of 9.80 p.c i.e. Rs 3.60. Apart from this, within the final 6 months, the corporate’s inventory has slipped shut to twenty p.c.
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