The new rates would be effective July 1. For the quarter ended March 2016, PNB posted a record high quarterly loss by any public sector lender at Rs 5,367 crore. The second-largest public sector bank reported a net profit of Rs 306.56 crore in the corresponding period of 2014-15. Provisions for non-performing assets (NPAs) rose more than three-fold to Rs 11,380 crore in the fourth quarter, compared with Rs 3,281 crore in the same period a year ago.
Gross non-performing assets (NPAs) rose significantly to 12.9 per at the end of March 2016, from 6.55 per cent a year ago. Net NPAs, too, rose to 8.61 per cent against 4.06 per cent in March 2015.