Punjab National Bank (PNB) reported a third straight quarterly loss on Friday, as India's second-largest state lender by assets set aside more money to account for a massive fraud.
Net loss came in at Rs 45.32 billion ($622.74 million) for the three months ended Sept.
30, compared with a profit of 5.61 billion rupees a year earlier, the bank said in a statement.
The loss was much bigger than an estimated average loss of Rs 14.38 billion based on the views of 13 analysts, according to Refinitiv data.
PNB said earlier.....