The bank has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA and Leverage ratio on an ongoing basis, it added.
Both of them were employed by Indian Overseas Bank (IOB) in Chennai in their formative years and even played for Hockey Unit of Tamil Nadu (HUTN) in a few national tournaments.
Total income during Q1FY22, however, was down at Rs 5,155 crore as against Rs 5,234 crore in Q1FY21, Indian Overseas Bank said in a regulatory filing.
This development comes after the bank lodged an application with the National Company Law Tribunal last year, to start corporate insolvency resolution process against Sakthi Sugars.
The bank has also exhibited a stellar show in full fiscal year after suffering losses for six consecutive years.
Provisions for bad loans and contingencies for the reported quarter increased to Rs 1,380.46 crore as against Rs 1,060.38 crore parked aside in the corresponding period a year earlier.
At the end of March, 2018, total capital ratio as per the Basel- III norms declined to 9.20 per cent for PNB as against 11.66 per cent at the end of March 2017, according to a filing by PNB.