<p>Punjab & Sind Bank on Tuesday reported widening of loss to Rs 236.30 crore for the fourth quarter of 2019-20 as provisions for bad loans rose.</p>.<p>The public sector bank had posted a loss of Rs 58.57 crore in January-March, 2018-19.</p>.<p>Total income declined to Rs 2,289.43 crore in the three months to March against Rs 2,304.37 crore in the year-ago period, Punjab & Sind Bank said in a regulatory filing.</p>.<p>During the quarter, the bank earned an operating profit of Rs 429.75 crore as against Rs 404.13 crore in the same period of the previous fiscal.</p>.<p>On the assets quality front, gross non-performing assets (NPAs) rose to 14.18 per cent of gross advances at the end of March 2020, as against 11.83 per cent by the same period last year.</p>.<p>Net NPAs also increased to 8.03 per cent as against 7.22 per cent in the year-ago period.</p>.<p>As a result of this, provisions for bad loans during the March quarter more than doubled to Rs 683.80 crore, compared to Rs 312.09 crore in the year-ago period.</p>.<p>Provision other than tax and contingencies too declined to Rs 817.83 crore from Rs 433.76 crore in the same period a year ago.</p>.<p>In the full fiscal, the bank’s loss increased Rs 990.80 crore, as against Rs 543.48 crore in 2018-19. Total income during the year declined to Rs 8,826.92 crore from Rs 9,386.95 crore a year earlier.</p>.<p>Interest Income of the bank too came down to Rs 7,929.53 crore in 2019-20 from Rs 8,558.67 crore in the preceding financial year. PTI DP ANS ANS</p>
<p>Punjab & Sind Bank on Tuesday reported widening of loss to Rs 236.30 crore for the fourth quarter of 2019-20 as provisions for bad loans rose.</p>.<p>The public sector bank had posted a loss of Rs 58.57 crore in January-March, 2018-19.</p>.<p>Total income declined to Rs 2,289.43 crore in the three months to March against Rs 2,304.37 crore in the year-ago period, Punjab & Sind Bank said in a regulatory filing.</p>.<p>During the quarter, the bank earned an operating profit of Rs 429.75 crore as against Rs 404.13 crore in the same period of the previous fiscal.</p>.<p>On the assets quality front, gross non-performing assets (NPAs) rose to 14.18 per cent of gross advances at the end of March 2020, as against 11.83 per cent by the same period last year.</p>.<p>Net NPAs also increased to 8.03 per cent as against 7.22 per cent in the year-ago period.</p>.<p>As a result of this, provisions for bad loans during the March quarter more than doubled to Rs 683.80 crore, compared to Rs 312.09 crore in the year-ago period.</p>.<p>Provision other than tax and contingencies too declined to Rs 817.83 crore from Rs 433.76 crore in the same period a year ago.</p>.<p>In the full fiscal, the bank’s loss increased Rs 990.80 crore, as against Rs 543.48 crore in 2018-19. Total income during the year declined to Rs 8,826.92 crore from Rs 9,386.95 crore a year earlier.</p>.<p>Interest Income of the bank too came down to Rs 7,929.53 crore in 2019-20 from Rs 8,558.67 crore in the preceding financial year. PTI DP ANS ANS</p>