Category: Punjab National Bank

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Reported Consolidated quarterly numbers for PNB Housing Finance are:
Net Sales at Rs 1,809.95 crore in March 2024 up 10.65% from Rs. 1,635.71 crore in March 2023.

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Quarterly Net Profit at Rs. 439.25 crore in March 2024 up 57.28% from Rs. 279.28 crore in March 2023.
EBITDA stands at Rs. 1,643.69 crore in March 2024 up 20.58% from Rs. 1,363.18 crore in March 2023.
PNB Housing Fin EPS has increased to Rs. 16.91 in March 2024 from Rs. 16.52 in March 2023.

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Source: https://www.moneycontrol.com/news/business/earnings/pnb-housing-fin-consolidated-march-2024-net-sales-at-rs-1809-95-crore-up-10-65-y-o-y-12711002.html/amp

HDFC Securities Institutional Equities

UltraTech Cement – Strong, all-around performance We maintain Buy on UltraTech Cement Ltd. with an unchanged target price of Rs 10,820 (16.5 times Mar-26E consolidated Ebitda). We continue to like UltraTech Cement for its robust growth and margin outlook and balance sheet management. During Q4 FY24, UltraTech Cement reported all-around performance: volumes rose 11/28% YoY/QoQ and the margin remained flattish and strong at Rs 1173/million…
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Source: https://www.ndtvprofit.com/amp/research-reports/ultratech-trent-pnb-housing-supreme-industries-mahindra-lifespace-mastek-q4-review-hdfc-securities

NEW DELHI: PNB Housing Finance on Monday reported a 57 per cent jump in its net profit to Rs 444 crore in the fourth quarter ended March 2024. The housing finance company had posted a net profit of Rs 283 crore in the same quarter a year earlier. Total income during the quarter rose to Rs 1,806 crore from Rs 1,628 crore in the same quarter of the previous fiscal, PNB Housing Finance said in a regulatory filing. The lender’s interest income in Q4FY24 was higher at Rs 1,684 crore, as against Rs 1,581 crore in the same period a year ago. Net interest income grew 7 per cent to Rs 632 crore at the end of the fourth quarter ended March 2024.However, the net interest margin declined to 3.65 per…
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Source: https://www.dtnext.in/amp/news/business/pnb-housing-finance-q4-profit-rises-57-pc-to-rs-444-crore-782143

Imphal: Armed dacoits with faces covered by masks looted Rs 18.80 crore in cash from a branch of a public sector bank in Manipur’s Ukhrul district, officials said on Friday. This Punjab National Bank branch is the currency chest – a place where the Reserve Bank of India stocks cash meant for banks and ATMs – for Ukhrul district.
Robbers carrying sophisticated weaponsThe robbers carrying sophisticated weapons reached the bank in Ukhrul town, around 80 km from the state capital Imphal, overpowered the security personnel and looted the amount from the vault after threatening the staff on Thursday evening.
Miscreants in camouflage uniformThe miscreants,…
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Source: https://www.freepressjournal.in/amp/india/manipur-bank-heist-armed-robbers-loot-over-18-cr-from-punjab-national-bank-branch-in-ukhrul-visuals-surface

The Delhi Police on Friday said it arrested a 47-year-old man for allegedly targetting multiple employees of Punjab National Bank and siphoning off more than ₹25 lakh from their bank accounts on Thursday. Police said the man was nabbed when he attempted to steal a phone from the South Campus branch. Investigators found that six cases across Delhi had been filed against Arora. (Representational image) Deputy commissioner of police (south west) Rohit Meena said identified the suspect as Deepak Arora. HT launches Crick-it, a one stop destination to catch Cricket, anytime, anywhere. Explore now! A police officer aware of the matter said that they received a complaint from the…
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Source: https://www.hindustantimes.com/cities/delhi-news/55yearold-held-for-duping-punjab-national-bank-staff-in-delhi-101709921648525.html

Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle out” the debt restructuring process of the IL&FS group’s thermal power company. The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications moved by SBI and said it does “not find any error in fixing the liquidation value as of 30.09.2018” of IL&FS Tamil Nadu Power Company Ltd (ITPCL). Click here to follow our WhatsApp channel The appellate tribunal observed that as per the RBI circular, an Inter-Creditor Agreement has been entered between the lenders. Moreover,…
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Source: https://www.business-standard.com/amp/companies/news/itpcl-debt-nclat-rejects-sbi-s-objection-on-liquidation-value-given-by-pnb-124042800319_1.html