Punjab National Bank reversed Rs 102.28 crore provision on AIF investment
Thu, May 9, 2024 3:14 PM

Punjab National Bank reversed Rs 102.28 crore provision on AIF investment

A Flip by Avya Verma
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Punjab National Bank reversed provisions of Rs 102.28 crore in the March quarter of FY24 from the total Rs 113.67 crore made on the investment in alternative investment funds (AIF).It was done after the Reserve Bank of India's (RBI) clarification on the AIF provisions guidelines, the public sector bank said in an earnings release on May 9."Based on subsequent clarification issued by the RBI.

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