PNB slippages rise to ₹2,395 crore in Q2, says report
In short
Punjab National Bank’s fresh slippages rose to ₹2,395 crore in the second quarter, up from ₹2,080 crore in the previous quarter. The report says lower provisions helped profitability.
This matters because rising slippages can hurt a bank’s loan book even when profits improve. The exact profit number is not stated in the available reporting.
What the reporting says
Punjab National Bank’s fresh slippages rose to ₹2,395 crore from ₹2,080 crore sequentially, according to a CNBC TV18 Market summary on its Q2 results. The update says the bank’s slippages increased even as lower provisions aided profitability, but the underlying profit figure is not provided in the available reporting. The immediate takeaway is mixed credit quality pressure alongside support from provisions, with more detail still missing.
Why it matters
Punjab National Bank reported higher fresh slippages at ₹2,395 crore versus ₹2,080 crore in the prior quarter, while lower provisions supported profitability, according to the summary provided. The report points to a mixed Q2 picture: credit stress rose, but provisioning helped earnings. The available material does not give the net profit figure, asset quality details beyond slippages, or management commentary.