<p>Public sector lender Punjab National Bank (PNB) under-reported its non-performing assets by Rs 2,617 crore for the fiscal year 2018-19, as per RBI's risk-assessment report.</p>.<p>In a regulatory filing on Saturday, PNB said the divergence in gross non-performing assets (NPAs) assessed by the central bank stood at Rs 2,617 crore in FY19.</p>.<p>The divergence assessed by the RBI in net NPAs was also Rs 2,617 crore for the fiscal.</p>.<p>Also, the divergence in provisioning for bad loans in FY19 was to the tune of Rs 2,091 crore.</p>.<p>Consequently, based on the divergence assessed by RBI in provisioning for bad loans, PNB said it would have reported a net loss of Rs 11,335.90 crore for FY19 as opposed to a net loss of Rs 9,975.49 crore.</p>.<p>The bank said it reported gross NPAs of Rs 78,472.70 crore, while as per RBI's assessment the figure was Rs 81,089.70 crore.</p>.<p>Similarly, it reported net NPAs of Rs 30,037.66 crore, compared to RBI's assessment of Rs 32,654.66 crore.</p>.<p>Provisions for NPAs made by the bank in FY19 stood at Rs 48151.15 crore but it needed to provide Rs 50,242.15 crore.</p>.<p>Recently, market regulator Sebi made it mandatory for listed banks to disclose bad loan divergence within a day of receiving the risk assessment report from the RBI.</p>
<p>Public sector lender Punjab National Bank (PNB) under-reported its non-performing assets by Rs 2,617 crore for the fiscal year 2018-19, as per RBI's risk-assessment report.</p>.<p>In a regulatory filing on Saturday, PNB said the divergence in gross non-performing assets (NPAs) assessed by the central bank stood at Rs 2,617 crore in FY19.</p>.<p>The divergence assessed by the RBI in net NPAs was also Rs 2,617 crore for the fiscal.</p>.<p>Also, the divergence in provisioning for bad loans in FY19 was to the tune of Rs 2,091 crore.</p>.<p>Consequently, based on the divergence assessed by RBI in provisioning for bad loans, PNB said it would have reported a net loss of Rs 11,335.90 crore for FY19 as opposed to a net loss of Rs 9,975.49 crore.</p>.<p>The bank said it reported gross NPAs of Rs 78,472.70 crore, while as per RBI's assessment the figure was Rs 81,089.70 crore.</p>.<p>Similarly, it reported net NPAs of Rs 30,037.66 crore, compared to RBI's assessment of Rs 32,654.66 crore.</p>.<p>Provisions for NPAs made by the bank in FY19 stood at Rs 48151.15 crore but it needed to provide Rs 50,242.15 crore.</p>.<p>Recently, market regulator Sebi made it mandatory for listed banks to disclose bad loan divergence within a day of receiving the risk assessment report from the RBI.</p>