Category: Punjab National Bank

23 Jan 2024, 06:47 PM IST
Punjab National Bank share price Today :Punjab National Bank closed today at ₹98.79, down -5.89% from yesterday’s ₹104.97
Today, Punjab National Bank’s stock closed at ₹98.79, experiencing a decrease of -5.89% in its value. The net change in the stock price was -6.18 compared to yesterday’s closing price of ₹104.97.

23 Jan 2024, 06:27 PM IST
Punjab National Bank share price live: Stock Peers

NameLatest PriceChange% Change52W High52W LowMkt. CapIndusind Bank1443.95-90.1-5.871694.35990.25112035.39Bank Of…
Read More…

Source: https://www.livemint.com/market/live-blog/punjab-national-bank-share-price-live-blog-for-23-jan-2024/amp-11705981758480.html

Atul Kumar Goel, the Managing Director and CEO of Punjab National Bank (PNB) on Monday, January 29, addressed the impact of increasing interest rates on the bank’s deposits. He revealed that 95% of deposits have already been repriced, minimising potential repercussions.Despite a 10 basis points increase in the cost of deposit, he expressed confidence that the remaining 5% could be managed effectively, resulting in a modest uptick in the overall cost of deposits.The CEO underscored the significance of the current account and savings account (CASA) ratio, which stands at 42-43%.With a nationwide presence through 10,000 branches, PNB is emphasising the opening of savings and current…
Read More…

Source: https://www.cnbctv18.com/finance/pnb-results-cost-deposits-reprice-casa-current-savings-nim-interest-margin-interview-18914671.htm/amp

Unfortunately, the product or service you’re trying to access isn’t available in your country.
What would you like to do?

Continue anyway

I’d like to view this content despite not being eligible to open an account.

Continue

See the content for my region

I’d…
Read More…

Source: https://www.xm.com/research/markets/allNews/reuters/indias-punjab-national-bank-jumps-to-near-6year-high-53754941

Story continues below Advertisement

Public sector banks saw an upward trajectory in trading subsequent to the budget’s disclosure of a borrowing programme that was lower than initially projected, coupled with a concurrent decrease in bond yields.
The Nifty PSU Bank index surged by more than 3 percent, reflecting a positive trend in the PSU segment. Notable gains were observed among PSU stocks, with Indian Overseas Bank (IOB) registering a significant increase of 5 percent. UCO Bank saw a rise of 4.3 percent, Union Bank of India advanced by 4.2…
Read More…

Source: https://www.moneycontrol.com/news/business/earnings/psu-banks-shine-in-dull-market-after-budget-announcement-heres-why-12172741.html/amp

Shivangi Sarda, an analyst at Motilal Oswal Financial Services, has pinpointed Birlasoft and Punjab National Bank as her top stock picks for Wednesday’s trading session.Speaking about Birlasoft, Sarda highlighted its resilience in the IT sector, noting its consistent strength on a week-on-week basis. She mentioned the stock’s robust performance over the past six months, emphasising its upward trend.Sarda suggested that any minor declines in the stock’s value have been opportunities for buying, noting its adherence to crucial exponential moving averages. She predicted a near-term target of approximately ₹888 with a stop near ₹830 levels. The stock is up more than 21% in the last…
Read More…

Source: https://www.cnbctv18.com/market/birlasoft-and-punjab-national-bank-stock-to-buy-18932641.htm/amp

Punjab National Bank (PNB) is expecting recoveries from bad loans to double the slippages amount in the next financial year. The higher recovery target comes amid encouraging recoveries made by the lender in the current fiscal.

The bank managed to recover Rs 15,881 crore from bad loans for the first nine months of FY24, which is over three times of slippages. Total slippages were at Rs 4,551 crore during the period. “For the next financial year, we will set a target that whatever will be the slippages, recovery should be double that amount because we are having so much of stock – Rs 60,000 crore is gross NPA,” said Atul Kumar Goel, MD and CEO, in an earnings call.

In the…
Read More…

Source: https://www.financialexpress.com/business/banking-finance-pnb-expects-fy25-recoveries-to-be-double-of-slippages-3380601/lite/

Indian state-run banks continued their winning streak for the fifth consecutive session on Wednesday, with 11 out of 12 constituents of Nifty PSU Bank index finishing today’s trade in the positive territory. Consequently, Nifty PSU Bank reached a fresh all-time high of 6,310 points, concluding the session with a gain of 2.27% at 6,271 points.

In total, the index has surged by 8% over the last five sessions. In terms of index contributors, Bank of Baroda played a significant role, contributing 46.81…
Read More…

Source: https://www.livemint.com/market/stock-market-news/nifty-psu-bank-advances-for-5th-straight-day-11-stocks-including-bob-sbi-pnb-canara-indian-bank-end-in-the-green/amp-11706697446096.html