Punjab National Bank: gross NPA 2021

Punjab National Bank's gross non-performing asset value at the end of fiscal year 2021 amounted to approximately 1.04 trillion Indian rupees. In 2019, Punjab National Bank was at the center of a big money laundering scam involving diamantaire Nirav Modi, who allegedly stripped the bank of over two billion U.S. dollars through malpractices. This is cited as one of the main reasons for the bank's tremendous losses through non-paying assets in the given time duration.

Gross non-performing asset value at Punjab National Bank from financial year 2018 to 2021 (in billion Indian rupees)

Characteristic	Value in billion Indian rupees
FY 2021	1,044.23
FY 2020	734.79
FY 2019	784.73
FY 2018	866.2

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Release date

July 2021

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Region

India

Survey time period

FY 2018 to FY 2021

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

One Indian rupee is equal to 0.013 U.S. dollars and 0.011 euros (as of August 2021).

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