PNB This fall Outcomes: Public sector Punjab Nationwide Financial institution has suffered heavy losses within the fourth quarter. The corporate’s standalone internet revenue declined by 66 per cent to Rs 202 crore within the fourth quarter of the final monetary 12 months ended March 2022. Whereas the financial institution’s non-performing belongings (NPAs) declined through the quarter, its income declined attributable to larger provisions.
Final 12 months had a internet revenue of Rs 586 crore
Allow us to inform you that in the identical quarter of the earlier monetary 12 months, the financial institution had earned a internet revenue of Rs 586 crore. In a communication to the inventory exchanges, the financial institution stated on Wednesday that its whole standalone earnings stood at Rs 21,095 crore through the quarter, as towards Rs 21,386 crore within the year-ago interval.
Decline in NPAs
The financial institution’s standalone internet 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 belongings 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 online 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 dangerous 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 advisable a dividend of 64 paise per share on the face worth of Rs 2 for 2021-22.
steady fall in inventory
Speaking in regards to the share worth of the corporate, after as we speak’s buying and selling, the share of PNB fell 0.45 % and closed on the degree of Rs 33.15. On the identical time, within the final one month, the corporate’s inventory has seen a fall of 9.80 % i.e. Rs 3.60. Aside from this, within the final 6 months, the corporate’s inventory has slipped shut to twenty %.
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