Up to 6% of PNB's loan book may be recast
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New Delhi, Aug. 25 -- State-owned Punjab National Bank (PNB) Monday said about 5-6% of its loan book may be eligible for a one-time debt restructuring. The bank hopes to get a clearer picture by September end, when guidelines from the K.V. Kamath committee on debt recast are expected to be released.
The country's second-largest public sector lender on Friday announced a net profit of Rs.308 crore for the June quarter, against Rs.1,018 crore a year ago. In the March quarter, the bank had posted a net loss of Rs.697.20 crore. Total income during the quarter stood at Rs.24,292 crore, against Rs.15,161 crore a year ago. Capital adequacy ratio under Basel III norms stood at 12.63% compared to 9.77% a year earlier.
PNB expects good credit gro...
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