PNB faces Rs 500-cr hit this fiscal after its Kazakh venture is told to shut down

The provision will be more than a quarter of the consolidated profit of Rs 1,861 crore PNB posted for the first nine months of FY21. It has already provided Rs 341.59 crore in the second quarter ended September 30. The bank is yet to report fourth-quarter and FY21 results.

from Banking/Finance-Industry-Economic Times https://ift.tt/3tA1fb7