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SIDBI Opens New Branch in Karnal to Boost MSME Growth in Haryana SIDBI inaugurated its new branch in Karnal, Haryana to enhance access to financial services and promote the growth of Micro, Small, and Medium Enterprises (MSMEs) in the industrial clusters of the region. The branch was inaugurated by Shri Ajit Nath Jha, CGM, in the presence of senior officials from state and central governments, Punjab National Bank, Sarv Haryana Grameen Bank, and representatives of various industrial cluster bodies and associations. An MSME Cluster Outreach Program was a...
SIDBI Opens New Branch in Karnal to Boost MSME Growth in Haryana
SIDBI Opens New Branch in Karnal to Boost MSME Growth in Haryana
Source: PR Agency
2024-12-06 12:11:53 pm
Buy Punjab National Bank Ltd For Target Rs.111 By Geojit Financial Services Ltd Robust Quarter, asset quality improved Punjab National Bank is a leading Indian public sector bank providing corporate and personal banking services. Currently, the bank has 10,159 branches and 12,040 ATMs. * In Q2FY25, PNB’s standalone interest income rose 13.4% YoY to Rs. 29,875cr, fuelled by strong growth in interest on advances (+14.7% YoY), bank funds (+14.8% YoY) and investment income (+8.8% YoY). * Interest expenses surged 17.8% YoY to Rs.19,358cr, primarily due to rise ...
Buy Punjab National Bank Ltd For Target Rs.111 By Geojit Financial Services Ltd
Buy Punjab National Bank Ltd For Target Rs.111 By Geojit Financial Services Ltd
Source: Geojit Financial Services
2024-12-02 09:38:27 am
Buy Punjab National Bank For Target Rs.111 By Geojit Financial Services Ltd Robust Quarter, asset quality improved Punjab National Bank is a leading Indian public sector bank providing corporate and personal banking services. Currently, the bank has 10,159 branches and 12,040 ATMs. * In Q2FY25, PNB’s standalone interest income rose 13.4% YoY to Rs. 29,875cr, fuelled by strong growth in interest on advances (+14.7% YoY), bank funds (+14.8% YoY) and investment income (+8.8% YoY). * Interest expenses surged 17.8% YoY to Rs.19,358cr, primarily due to rise ...
Buy Punjab National Bank For Target Rs.111 By Geojit Financial Services Ltd
Buy Punjab National Bank For Target Rs.111 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-11-24 02:26:04 pm
Buy Punjab National Bank Ltd For Target Rs.120 By Motilal Oswal Financial Services Ltd Strong quarter; asset quality improves sharply Credit cost guidance reduces further to ~30bp * Punjab National Bank (PNB) reported a healthy 2QFY25 PAT of INR43.04b (24% beat), led by a sharp decline in provisions (92% YoY decline). * NII grew 6% YoY to INR105.2b (4% lower than MOFSLe), while NIM contracted 15bp QoQ to 2.92% (3.06% domestic NIMs), partly due to reclassification of penal interest charges. * Opex grew 9.7% QoQ (15% higher than MOFSLe), due to the creation of AS15 em...
Buy Punjab National Bank Ltd For Target Rs.120 By Motilal Oswal Financial Services Ltd
Buy Punjab National Bank Ltd For Target Rs.120 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 02:19:37 pm
Haryana pips Punjab on both nation’s GDP share, per capita income accounts: EAC-PM paper Haryana’s share of India’s gross domestic product (GDP) now exceeds that of Punjab, and its relative per capita income has reached 176.8 per cent, compared to Punjab's 106.7 per cent, in 2023-24, a paper by the Economic Advisory Council (EAC) to the Prime Minister revealed on Tuesday.  Punjab and Haryana, which were once part of the same state, have experienced diverging economic trajectories. "Punjab’s GDP share grew during the 1960s, mainly due to the G...
Haryana pips Punjab on both nation’s GDP share, per capita income accounts: EAC-PM paper
Haryana pips Punjab on both nation’s GDP share, per capita income accounts: EAC-PM paper
Source: IANS
2024-09-17 04:45:24 pm
Neutral Punjab National Bank Ltd For Target Rs.135 By Motilal Oswal Financial Services Strong quarter; asset quality surprises positively  FY25 credit cost and GNPA guidance cut sharply * Punjab National Bank (PNB) reported a 1QFY25 PAT of INR32.5b (8% beat), led by sharply lower provisions (67% YoY decline). * NII grew 10.2% YoY to INR104.8b (in line), while NIM contracted slightly by 3bp QoQ to 3.07% (3.21% domestic). * Opex declined 8.4% QoQ; however; was still higher than our estimate due to the PSLC charges. PPoP thus stood at INR65.8b (5% miss). * Loan...
Neutral Punjab National Bank Ltd For Target Rs.135 By Motilal Oswal Financial Services
Neutral Punjab National Bank Ltd For Target Rs.135 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-03 11:21:26 am
PC Jeweller touches the roof on getting nod for OTS proposal from Punjab National Bank PC Jeweller is currently trading at upper limit of Rs. 56.19, up by 5.10 points or 9.98% from its previous closing of Rs. 51.09 on the BSE. The scrip opened at Rs. 56.00 and has touched a high and low of Rs. 56.19 and Rs. 53.39 respectively. So far 886342 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.63 on 05-Mar-2024 and a 52 week low of Rs. 25.45 on 04-Oct-2023. Last one week high and low of the scrip st...
PC Jeweller touches the roof on getting nod for OTS proposal from Punjab National Bank
PC Jeweller touches the roof on getting nod for OTS proposal from Punjab National Bank
Source: Accord Fintech
2024-07-08 12:57:13 pm
Punjab National Bank trades in red after RBI imposes monetary penalty of Rs 1.31 crore Punjab National Bank is currently trading at Rs. 122.70, down by 0.05 points or 0.04% from its previous closing of Rs. 122.75 on the BSE. The scrip opened at Rs. 122.70 and has touched a high and low of Rs. 123.40 and Rs. 122.10 respectively. So far 289531 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.90 on 30-Apr-2024 and a 52 week low of Rs. 57.56 on 07-Jul-2023. Last one week high and low of the scrip s...
Punjab National Bank trades in red after RBI imposes monetary penalty of Rs 1.31 crore
Punjab National Bank trades in red after RBI imposes monetary penalty of Rs 1.31 crore
Source: Accord Fintech
2024-07-08 11:15:05 am
Punjab National Bank surges on reporting 10% rise in global business during Q1FY25 Punjab National Bank is currently trading at Rs. 122.25, up by 0.75 points or 0.62% from its previous closing of Rs. 121.50 on the BSE. The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 123.90 and Rs. 122.10 respectively. So far 1850040 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.90 on 30-Apr-2024 and a 52 week low of Rs. 57.56 on 07-Jul-2023. Last one week high and low of the scrip st...
Punjab National Bank surges on reporting 10% rise in global business during Q1FY25
Punjab National Bank surges on reporting 10% rise in global business during Q1FY25
Source: Accord Fintech
2024-07-05 03:13:16 pm
Neutral Punjab National Bank Ltd For Target Rs.130 - Motilal Oswal Financial Service Earnings traction remains healthy Asset quality continues to improve; guides 1% RoA by end-FY25 * Punjab National Bank (PNB) reported a 4QFY24 PAT of INR30.1b (5% beat), led by controlled provisions and robust other income. Opex was elevated and led to a 10% miss on PPoP. * NII grew 9% YoY to INR104b (in line), while NIM contracted 5bp QoQ to 3.1% (3.25% domestic). * Loan book grew 12% YoY (2% QoQ) to INR9.3t, led by a healthy traction in retail loans (3.9% QoQ growth). The C/D ...
Neutral Punjab National Bank Ltd For Target Rs.130 - Motilal Oswal Financial Service
Neutral Punjab National Bank Ltd For Target Rs.130 - Motilal Oswal Financial Service
Source: Motilal Oswal Financial Services Ltd
2024-06-16 09:51:22 am
Punjab National Bank rises on planning to expand global footprint Punjab National Bank is currently trading at Rs. 126.70, up by 1.40 points or 1.12% from its previous closing of Rs. 125.30 on the BSE. The scrip opened at Rs. 126.15 and has touched a high and low of Rs. 127.25 and Rs. 125.40 respectively. So far 571232 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.90 on 30-Apr-2024 and a 52 week low of Rs. 49.70 on 26-Jun-2023. Last one week high and low of the scrip sto...
Punjab National Bank rises on planning to expand global footprint
Punjab National Bank rises on planning to expand global footprint
Source: Accord Fintech
2024-06-11 12:58:21 pm
Punjab National Bank moves up on inking pact with India Infrastructure Finance Company Punjab National Bank is currently trading at Rs. 115.85, up by 0.50 points or 0.43% from its previous closing of Rs. 115.35 on the BSE. The scrip opened at Rs. 118.05 and has touched a high and low of Rs. 119.10 and Rs. 110.55 respectively. So far 4312578 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.90 on 30-Apr-2024 and a 52 week low of Rs. 49.70 on 26-Jun-2023. Last one week high and low of the scrip st...
Punjab National Bank moves up on inking pact with India Infrastructure Finance Company
Punjab National Bank moves up on inking pact with India Infrastructure Finance Company
Source: Accord Fintech
2024-06-05 12:13:24 pm
Punjab National Bank inches up on reporting 78% rise in Q4 consolidated net profit Punjab National Bank is currently trading at Rs. 122.40, up by 0.35 points or 0.29% from its previous closing of Rs. 122.05 on the BSE. The scrip opened at Rs. 123.85 and has touched a high and low of Rs. 124.00 and Rs. 120.75 respectively. So far 921461 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.90 on 30-Apr-2024 and a 52 week low of Rs. 48.07 on 12-May-2023. Last one week high and low of the scrip sto...
Punjab National Bank inches up on reporting 78% rise in Q4 consolidated net profit
Punjab National Bank inches up on reporting 78% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-05-10 10:36:21 am
India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports Indian telecom carrier Vodafone Idea is in talks with lenders to avail loans worth 150 billion rupees ($1.80 billion) over the next two years, Bloomberg News reported on Thursday, citing people familiar with the matter. The company has reached out to state-run lenders State Bank of India (SBI), Bank of Baroda, Punjab National Bank and some privately-held banks, the report said. Bloomberg News did not mention the names of the private lenders. SBI may take the lead of a consortium of l...
India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports
India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports
Source: Reuters
2024-05-02 04:23:13 pm
India's PNB Housing Finance posts Q4 profit rise on steady demand for home loans India's PNB Housing Finance reported a 57% rise in fourth-quarter profit on Monday, helped by steady demand for home loans and a decline in bad loans. Demand for premium and luxury housing has been strong over the last year even as the affordable segment saw demand easing due to high interest rates. Home financiers saw strong disbursement in the fourth quarter as home buyers pinned hopes on a rate cut later this year. PNB Housing Finance, a unit of state-run lender Punjab Nationa...
India's PNB Housing Finance posts Q4 profit rise on steady demand for home loans
India's PNB Housing Finance posts Q4 profit rise on steady demand for home loans
Source: Reuters
2024-04-29 05:17:53 pm
Buy Punjab National Bank Ltd For Target Rs.125 - Emkay Global PNB continued to report a strong beat on PAT at Rs22bn (Emkay est.: Rs19.2bn) mainly due to contained staff cost despite wage hike provision and lower provisions due to reversal of NPI provisions on one lumpy corporate. Amid margin pressure across banks, PNB once again reported a 4bps QoQ margin expansion to 3.15% due to better LDR and interest recognition on lumpy NPA recoveries. Asset quality continued to improve, with fresh slippage run-rate now at a decadal low of 0.9% and NNPA at ~1% of ...
Buy Punjab National Bank Ltd For Target Rs.125 - Emkay Global
Buy Punjab National Bank Ltd For Target Rs.125 - Emkay Global
Source: Emkay Global
2024-04-27 09:49:43 am
Buy Punjab National Bank Ltd For Target Rs.1,450 - Emkay Global PNB continued to report a strong beat on PAT at Rs22bn (Emkay est.: Rs19.2bn) mainly due to contained staff cost despite wage hike provision and lower provisions due to reversal of NPI provisions on one lumpy corporate. Amid margin pressure across banks, PNB once again reported a 4bps QoQ margin expansion to 3.15% due to better LDR and interest recognition on lumpy NPA recoveries. Asset quality continued to improve, with fresh slippage run-rate now at a decadal low of 0.9% and NNPA at ~1% of ...
Buy Punjab National Bank Ltd For Target Rs.1,450 - Emkay Global
Buy Punjab National Bank Ltd For Target Rs.1,450 - Emkay Global
Source: Emkay Global
2024-04-26 02:15:16 pm
Neutral Punjab National Bank Ltd For Target Rs.100 By Motilal Oswal Financial Service Asset quality continues to surprise positively -      Punjab National Bank (PNB) reported a healthy quarter, with a 19% beat on PAT amid 23% lower provision vs. our estimate. PAT surged 254% YoY to INR22.2b, while NII grew 12% YoY (in line) to INR103b as NIMs improved 4bp QoQ to 3.15% in 3QFY24. -      Loan book grew at a healthy pace of 15% YoY (3% QoQ) to INR9.2t, led by a healthy ...
Neutral Punjab National Bank Ltd For Target Rs.100 By Motilal Oswal Financial Service
Neutral Punjab National Bank Ltd For Target Rs.100 By Motilal Oswal Financial Service
Source: Motilal Oswal Financial Services Ltd
2024-04-11 10:08:05 am
PNB surges on raising Rs 1859 crore through Bonds Punjab National Bank is currently trading at Rs. 124.00, up by 1.30 points or 1.06% from its previous closing of Rs. 122.70 on the BSE. The scrip opened at Rs. 122.85 and has touched a high and low of Rs. 124.55 and Rs. 122.10 respectively. So far 1456136 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.00 on 11-Mar-2024 and a 52 week low of Rs. 44.41 on 28-Mar-2023. Last one week high and low of the scrip st...
PNB surges on raising Rs 1859 crore through Bonds
PNB surges on raising Rs 1859 crore through Bonds
Source: Accord Fintech
2024-03-26 03:49:15 pm
Stock Picks : Reliance Industries Ltd And Titan Industries Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries Ltd @ 2938-2942; Target 2972.00; Stop Loss 2924.00   Titan Industries Ltd Buy Titan Industries Ltd @ 3737-3741; Target 3779.00; Stop Loss 3717.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Reliance Industries Ltd And Titan Industries Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd And Titan Industries Ltd By ICICI Direct
Source: ICICI Direct
2024-03-13 12:40:50 pm
Stock Picks : Coal India Ltd and Punjab National Bank Ltd By ICICI Direct Coal India Ltd Buy Coal India Ltd @ 458-459; Target 463.00; Stop Loss 455.80     Punjab National Bank Ltd Buy Punjab National Bank Ltd @ 128.50-129.00; Target 130.50; Stop Loss 127.70     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Coal India Ltd and Punjab National Bank Ltd By ICICI Direct
Stock Picks : Coal India Ltd and Punjab National Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-03-06 10:31:42 am
Valuations of PSU banks turning less attractive, says brokerage The current benign credit environment has supported asset quality for PSU banks and early warning indicators give no reason to worry, Kotak Institutional Equities said in a report. Profitability has been further boosted by provision reversals and revenue recovery from bad loan resolutions. While these recoveries will likely hold up in FY2025E as well, a steady decline is inevitable thereby impacting profitability. Given the swift re-rating of valuation multiples, the brokerage has downgrad...
Valuations of PSU banks turning less attractive, says brokerage
Valuations of PSU banks turning less attractive, says brokerage
Source: IANS
2024-02-29 04:44:38 pm
IREDA inks pact with PNB for financing green energy projects Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) on Monday aimed at advancing renewable energy initiatives across the nation. The agreement paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects. It covers joint lending, loan syndication and underwriting, management of Trust and Retention Account (TRA) for IREDA borrowers, and working towa...
IREDA inks pact with PNB for financing green energy projects
IREDA inks pact with PNB for financing green energy projects
Source: IANS
2024-02-19 02:37:21 pm
Sell Punjab National Bank Ltd For Target Rs. 80 - Elara Capital Progressing well, catching up with peers Higher recoveries and lower opex feed into earnings beat    Punjab National Bank’s (PNB) Q3 PAT at INR 22.2bn surpassed estimates on higher NII (supported by better recoveries) and curtailed opex (despite wage hike). Q3 was characterized by higher recovery (two large accounts, feeding into curtailed credit cost and benefiting NII) and the bank providing for wage revision ...
Sell Punjab National Bank Ltd For Target Rs. 80 - Elara Capital
Sell Punjab National Bank Ltd For Target Rs. 80 - Elara Capital
Source: Elara Capital
2024-02-16 12:43:01 pm
Stock of the day : Punjab National Bank Ltd For Target Rs. 142- Religare Broking Punjab National Bank Ltd ? Oflate the PSU banks has remained top performers and PNB is offering fresh buying opportunity. ? It has been in primary uptrend from last more than 5 months and trading at 52 weeks high levels. ? It has registered a decisive breakout from the Bullish Flag pattern with noticeable volumes suggests bullish tone to continue. ? We thus recommend creating fresh longs in the mentioned range. BUY Punjab National Bank Ltd CMP 28.85; Range128-130; SL ...
Stock of the day : Punjab National Bank Ltd For Target Rs. 142- Religare Broking
Stock of the day : Punjab National Bank Ltd For Target Rs. 142- Religare Broking
Source: Religare Broking Ltd
2024-02-16 11:19:41 am
India narrows gap with China in key MSCI index with weight hitting new high India has narrowed the gap with China in MSCI's Global Standard index, which tracks emerging market stocks for investors, after the latest revision. Index provider MSCI raised India's weightage in the index to an all-time high of 18.2% on Tuesday, which could lead to inflows of about $1.2 billion, analysts said. In comparison, China's weight in the index fell to 25.4% after the February revision, from 26.6% a year ago. The convergence of weights between Indian and Chinese...
India narrows gap with China in key MSCI index with weight hitting new high
India narrows gap with China in key MSCI index with weight hitting new high
Source: Reuters
2024-02-13 08:59:53 am
PNB clocks 3-fold jump in net profit at Rs 2,223 crore for Q3  Punjab National Bank (PNB) on Thursday announced an over three-fold jump in its profit to Rs 2,223 crore for the October-December quarter of the current financial year, compared to the corresponding figure of Rs 629 crore in the same period last year. The government-owned bank’s total income shot up to Rs 29,962 crore during the quarter from Rs 25,722 crore in the same period last year. PNB’s net interest income (NII) went up 12.1 per cent to Rs 10,293 crore from Rs 9,...
PNB clocks 3-fold jump in net profit at Rs 2,223 crore for Q3
PNB clocks 3-fold jump in net profit at Rs 2,223 crore for Q3
Source: IANS
2024-01-25 05:06:41 pm
Stock Picks : Power Finance Corporation Ltd And Punjab National Bank Ltd By ICICI Direct Power Finance Corporation Ltd Buy Power Finance Corporation Ltd @419-420; Target 425.00 ; Stop Loss 416.70   Punjab National Bank Ltd Buy Punjab National Bank Ltd @105-105.50; Target 106.80 ; Stop Loss 104.60     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631    
Stock Picks : Power Finance Corporation Ltd And Punjab National Bank Ltd By ICICI Direct
Stock Picks : Power Finance Corporation Ltd And Punjab National Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-01-23 11:36:13 am
Yes Bank makes biggest market cap gain among banks in Q4 2023 Yes Bank posted the highest percentage increase in market capitalization among Indian banks in the quarter ended December 31, 2023. Market capitalization for the lender rose 24.4 per cent to Rs 616.94 billion from October to December, helping Yes Bank move two slots higher to 14th position in the list of top 20 Indian banks by market cap, according to S&P Global Market Intelligence data & analysis. In terms of market cap percentage growth, Punjab National Bank was just behind Yes B...
Yes Bank makes biggest market cap gain among banks in Q4 2023
Yes Bank makes biggest market cap gain among banks in Q4 2023
Source: IANS
2024-01-15 12:57:49 pm
Stock Picks : Titan Company Ltd And Punjab National Bank By ICICI Direct Titan Company Ltd Buy Titan Company Ltd @3293-3296; Target 3328.00; Stop Loss 3279.00   Punjab National Bank Buy Punjab National Bank @78.70-79.10; Target 80.40; Stop Loss 78.1   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html  SEBI Registration number INZ000183631
Stock Picks : Titan Company Ltd And Punjab National Bank By ICICI Direct
Stock Picks : Titan Company Ltd And Punjab National Bank By ICICI Direct
Source: ICICI Direct
2023-11-16 12:01:13 pm
Stock Picks : Punjab National Bank Ltd And NTPC Ltd By ICICI Direct   NTPC (NTPC) Buy NTPC Ltd @238.50-239.00; Target 242.00; Stop Loss 237.20   Punjab National Bank (PUNBAN) Buy Punjab National Bank Ltd @75.60-76.00; Target 77.20; Stop Loss 74.90       Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html  SEBI Registration number INZ000183631
Stock Picks : Punjab National Bank Ltd And NTPC Ltd By ICICI Direct
Stock Picks : Punjab National Bank Ltd And NTPC Ltd By ICICI Direct
Source: ICICI Direct
2023-11-08 11:49:05 am
Hold Punjab National Bank Ltd For Target Rs.78 - Emkay Global Financial Services PNB reported a beat on PAT, at Rs17.6bn (vs Emkay: Rs14.6bn), mainly owing to higher NII, lower staff expense and contained provisions, and partially offset by the higher tax expense. Bank’s credit growth trajectory improved to 15% YoY/3% QoQ which, coupled with better loan/investment, led to a 3bps QoQ improvement in NIM to 3.1%, while most banks saw a correction. Asset quality continues to enhance, with GNPA ratio down by 77bps QoQ to 7%, aided by lower slippages and higher recoveries...
Hold Punjab National Bank Ltd For Target Rs.78 - Emkay Global Financial Services
Hold Punjab National Bank Ltd For Target Rs.78 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2023-10-30 11:16:50 am
Hold Punjab National Bank Ltd For Target Rs.78 - Motilal Oswal Financial Services PNB reported a beat on PAT, at Rs17.6bn (vs Emkay: Rs14.6bn), mainly owing to higher NII, lower staff expense and contained provisions, and partially offset by the higher tax expense. Bank’s credit growth trajectory improved to 15% YoY/3% QoQ which, coupled with better loan/investment, led to a 3bps QoQ improvement in NIM to 3.1%, while most banks saw a correction. Asset quality continues to enhance, with GNPA ratio down by 77bps QoQ to 7%, aided by lower slippages and higher recoveries...
Hold Punjab National Bank Ltd For Target Rs.78 - Motilal Oswal Financial Services
Hold Punjab National Bank Ltd For Target Rs.78 - Motilal Oswal Financial Services
Source: Emkay Global Financial Services
2023-10-29 10:31:45 am
Netutral Punjab National Bank Ltd For Target Rs.75 - Motilal Oswal Financial Services PPoP in line; lower provisions drive earnings Asset quality continues to recover sharply * Punjab National Bank (PNB) reported a healthy quarter, with a 28% beat on PAT primarily driven by lower provisions. PAT surged 327% YoY to INR17.6b, while NII grew 20% YoY (in line) to INR99b as NIMs improved 3bp QoQ to 3.11% in 2QFY24. * Loan book grew 15% YoY (3% QoQ) to INR8.9t, led by a healthy traction in corporate and retail loans. Deposits grew 10% YoY (flat QoQ) to INR13t. CASA ratio in...
Netutral Punjab National Bank Ltd For Target Rs.75 - Motilal Oswal Financial Services
Netutral Punjab National Bank Ltd For Target Rs.75 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-29 10:00:34 am
Punjab National Bank Q2 PAT zooms to Rs 1,756.13 cr The Indian government-owned Punjab National Bank on Thursday said it closed the second quarter of FY24 with a net profit of Rs 1,756.13 crore.In a regulatory filing, Punjab National Bank said for the quarter ended September 30 it had earned a total interest income of Rs 26,354.92 crore (Q2FY23 Rs 20,154.02 crore) and a net profit of Rs 1,756.13 crore (Rs 411.27 crore).During the period under review, the bank had earned Rs 93.21 crore (Rs 104.42 crore) as other income taking the total income t...
Punjab National Bank Q2 PAT zooms to Rs 1,756.13 cr
Punjab National Bank Q2 PAT zooms to Rs 1,756.13 cr
Source: IANS
2023-10-26 04:31:21 pm
PNB moves up on raising Rs 3000 crore through Bonds Punjab National Bank is currently trading at Rs. 81.94, up by 0.42 points or 0.52% from its previous closing of Rs. 81.52 on the BSE.The scrip opened at Rs. 81.65 and has touched a high and low of Rs. 82.14 and Rs. 81.25 respectively. So far 974084 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 82.14 on 28-Sep-2023 and a 52 week low of Rs. 34.25 on 29-Sep-2022.Last one week high and low of the scrip stood at Rs. 82.14 and Rs. 75...
PNB moves up on raising Rs 3000 crore through Bonds
PNB moves up on raising Rs 3000 crore through Bonds
Source: Accord Fintech
2023-09-28 10:29:46 am
Punjab National Bank rises on signing MoU with REC Punjab National Bank is currently trading at Rs. 79.77, up by 0.43 points or 0.54% from its previous closing of Rs. 79.34 on the BSE.The scrip opened at Rs. 79.92 and has touched a high and low of Rs. 80.40 and Rs. 79.50 respectively. So far 951565 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 81.35 on 26-Sep-2023 and a 52 week low of Rs. 34.25 on 29-Sep-2022.Last one week high and low of the scrip stood at Rs. 81.35 and Rs. 74...
Punjab National Bank rises on signing MoU with REC
Punjab National Bank rises on signing MoU with REC
Source: Accord Fintech
2023-09-27 12:03:42 pm