Scam-hit Punjab National Bank (PNB) on Tuesday posted largest ever quarterly loss of Rs 134.17 billion for January-March period, mainly on account of high provisioning for bad loans.
The bank had reported a standalone profit of Rs 2.62 billion in the fourth quarter of 2016-17.
The total income for the fourth quarter also declined to Rs 129.45 billion from Rs 149.89 billion in the year-ago period.
The bank has witnessed deterioration in gross net performing assets (NPAs) or bad loans, which rose to 18.38 per cent of gross advances at the end of March this year, as against 12.53 per cent year ago.
Net NPAs were also soared to 11.24 per cent against 7.81 per cent a year ago.