Things are not looking good Punjab National Bank (PNB) which was hit by the biggest banking scandal in India earlier this year.
The public sector bank has registered a net loss of Rs 13,416.91 crore for the quarter ended March 31.
Click Here: new zealand rugby team jerseys
This is in place of the net profit of Rs. 262 crore PNB had recorded just a year ago.
For the March quarter, the bank saw its total provisions more than triple from a year earlier to Rs. 20,353 crore. Of that Rs. 7,178 crore were due to the fraud.