Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG
By Surya Desaraju AMARAVATI: The Andhra Pradesh government’s gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG’s latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. […]
PNB Q4 loss narrows to Rs 4,750 crore; NPA declines
NEW DELHI: State-owned Punjab National Bank (PNB) Tuesday reported narrowing of its loss by nearly 65 per cent to Rs 4,750 crore during the fourth quarter of fiscal ended March 2019 even after making adequate provisions towards the Nirav Modi fraud and non-performing assets (NPAs). The scam-hit lender had posted highest ever loss of Rs […]
PNB plans to sell non-core assets of over Rs 8,000 crore this fiscal
NEW DELHI: The India’s second largest public sector lender Punjab National Bank (PNB) has identified various assets, including its housing finance arm, for sale and hopes to realise ₹8,600 crore from these non-core assets during the current fiscal. The bank has already sold some of the fixed assets and have realised ₹400 crore from these […]