Scam hit Punjab National Bank (PNB) today posted biggest ever quarterly loss of Rs 13,416.91 crore for January-March period, mainly on account of high provisioning for bad loans.

The bank had revealed a staggering standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17.

The total income for the final quarter likewise declined to Rs 12,945.68 crore from Rs 14,989.33 crore in the year-ago period.

The bank has seen weakening in net performing assets (NPAs) or bad loans, which rose to 18.38 percent of gross advances toward the end of March this year, as against 12.53 percent year ago.

Net NPAs were likewise taken off to 11.24 percent against 7.81 percent a year ago.

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