Punjab National Bank (PNB) has incurred highest ever loss in its history in 4QFY16, mainly due to higher slippages owing to recognition of further impairments and provisioning impact of asset reclassification. Slippages surged to Rs235.5bn (at slippage ratio of 23.4%) in 4QFY16 v/s Rs12.1bn (at slippage ratio of 13.4%) in 3QFY16 & Rs422.5bn (at slippage ratio of 11.1%) in FY16 for which its provisioning rose 173.5% yoy & 178% qoq to Rs104.9bn. Its GNPA rose 443bps qoq to 12.9% while NNPA rose by 275bps qoq to 8.61%. PNB's PCR declined to 51.1% in 4QFY16 vis-vis 53.9% in 3QFY16 & 58.2% in 4QFY15. As a result, PNB has incurred Rs53.7bn loss in 4QFY16 v/s Rs3.1bn & Rs510mn profit in 4QFY15 & 3QFY16, respectively....