As per latest reports, PNB has to make provision for 127
Billion INR by March 2018, as per prevailing RBI's Norms. Managements is
requesting to spread this provision for next 4 quarter.
As Per management comments, it will do provision for Rs.60
Billion in March 2018.
Business Standard: http://www.business-standard.com/article/finance/scam-hit-pnb-may-need-to-provide-for-around-rs-60-bn-in-losses-this-quarter-118031000015_1.html
As per our Calculations ( Data used from www.screener.in ) , PNB’s Earning Power
Value ( EPV ) comes at 17258.99 Cr as on 31.03.2017. Taking account into the
various Reports into consideration, the Indian Banking Sectors will struggle to
come out of the RED. We are expecting a moderate growth in its EPV of ~25% in
the next years (2018-2019).
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