PNB under-reported bad loans by Rs 2,617 cr in FY19: RBI report

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.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/36wYD2k