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PNB posts biggest quarterly loss in Indian bank history

PNB posts biggest quarterly loss in Indian bank history

May 18, 2016, at 09:52 pm

New Delhi, May 18 (IBNS) Punjab National Bank (PNB), which reported its latest March quarter earnings on Wednesday, posted a net loss of 5370 crore -- due to higher provisioning for bad loans -- the biggest quarterly loss in the history of Indian banking, according to media reports.