PNB plans aggressive recoveries to contain gross NPA below 12%

  • The bank is planning to sell non-core assets, which include its erstwhile headquarters at the Bhikaji Cama Place in south Delhi
  • In FY19, the bank's recoveries stood at 20,000 crore, which included2,100 crore through an one-time settlement scheme.

State-run Punjab National Bank (PNB) is looking to reduce its gross non-performing loans at under 12% this year with better recoveries.

In the quarter to June, the bank's gross NPAs came down to 16.49% at 77,000 crore from 18.26 percent or 82,889 crore.

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PNB plans aggressive recoveries to contain gross NPA below 12%

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