Bank Nifty Tips: NEW DELHI: Punjab National Bank (PNB) on Wednesday reported a net loss of Rs 5,367 crore for the March quarter.

This was the greatest quarterly misfortune in India's bank history.

The loan specialist had reported a net benefit of Rs 307 crore in the comparing quarter of a year ago. An ET Now survey of experts had anticipated that the moneylender would report a benefit of Rs 81 crore for the quarter of a year ago. An ET Now survey of examiners had anticipated that the loan specialist would report a benefit of Rs 81 crore for the quarter.

The bank said its gross non-performing resources (NPAs) surged to 12.9 for each penny in the final quarter against 8.47 for every penny in the December quarter. In worth terms, gross non-performing resources for the quarter remained at Rs 55,818 crore against Rs 34,338 crore in the second from last quarter.

Procurements kept aside for awful resources remained at Rs 10,490 crore in the final quarter, contrasted and Rs 3,448 crore in the relating quarter of a year ago.

Bank of Baroda had in December quarter reported lost Rs 3,342 crore.