Punjab National Bank (PNB) on Tuesday reported net loss of Rs 940 crore for the quarter ended June 30, 2018. The PSU lender had reported Rs 323 crore profit in the corresponding quarter last year.

CNBC-TV18 poll had predicted a loss of Rs 1,651.9 crore for the quarter under review.

The lender said it made provisions and contingencies worth Rs 5,758 crore for the quarter ended June 30.

This was against Rs 2,608.7 crore provisions it made in the year-ago quarter.

The net interest income for Q1 stood at Rs 4,691.86 crore for the quarter under review as against Rs 3,885.13 crore in the year-ago period.

On the fraud involving its gems and jewellery account, the bank has provided Rs 1,863 crore and the remaining provision for fraud will be made in the next two quarters of current financial year.

First Published:Aug 7, 2018 1:02 PM IST