Punjab National Bank News and Updates

Name: Latest research reports of Punjab National Bank authored by Motilal Oswal and published by - Trendlyne research reports.
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Author: Motilal Oswal

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Punjab National Bank

18 Feb 2025

96.52

0.46%

PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure

Business Standard

State-owned Punjab National Bank on Tuesday reported a fraud of Rs 270.57 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank. Borrowal fraud of Rs 270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) account of Gupta Power Infrastructure Ltd, PNB said in a regulatory filing. The loan was given by Station Square branch of the bank in Bhubaneswar, it said. The bank has already made provisions amounting to Rs 270.57 crore, according to prescribed prudential norms. For the December quarter, PNB posted more than two-fold jump in net profit to Rs 4,508 crore as against Rs 2,223 crore in the same quarter a year ago. The company's total income increased to Rs 34,752 crore from Rs 29,962 crore in the same period a year ago, PNB said in a regulatory filing. Interest income also rose to Rs 31,340 crore from Rs 27,288 crore in the same quarter a year ago. On the asset quality front, the bank's gross non-performing assets ratio

Punjab National Bank is trading below its 100 day SMA of 98.5

Punjab National Bank

13 Feb 2025, 10:36PM

96.52

0.46%

PNB scam: Court allows auction of properties owned by Mehul Choksi's firm

Business Standard

A special court in Mumbai on Thursday allowed the auction of 13 properties of Gitanjali Gems Limited, a firm of fugitive diamond trader Mehul Choksi, the prime accused in the Punjab National Bank (PNB) loan fraud case. Judge S M Menjoge of the special court hearing cases related to the Prevention of Money Laundering Act (PMLA), while allowing the official liquidator's plea, held that if the properties are kept idle without maintenance then it will definitely reduce the value. These properties are: seven flats in Kheni Tower in Mumbai's Santacruz, a commercial unit in Bharat Diamond Bourse, four office units at Diamond Park in Gujarat's Surat and a shop there. The liquidator had last week moved a plea, seeking to get a valuation of these properties which are not secured and later sell them by way of auction. The Enforcement Directorate (ED), in its response, had said that it has no objection if the plea was allowed. The court then ruled that after undertaking the valuation process,

Punjab National Bank is trading above its 50 day SMA of 94.0

Punjab National Bank

03 Feb 2025

96.52

0.46%

Core profitability a bother for PNB

livemint

For Q3FY25, Punjab National Bank reported a surge in profits but a decline in core performance, highlighting persistent challenges. While lower NPA provisions and treasury gains have boosted results, investors remain cautious due to weak core income growth and high operating expenses.

Punjab National Bank has lost -28.42% in the last 1 Year

Punjab National Bank

01 Feb 2025

96.52

0.46%

Punjab National Bank eyes $1.96 billion bad loan recovery in FY25, says CEO

Business Standard

PNB's asset quality has improved over the last two years, after a debilitating corporate bad loan cycle between 2011 and 2019

Punjab National Bank is trading below its 100 day SMA of 98.5

Punjab National Bank Q3 results: Net profit surges 103% to 4,508 crore

Business Line | 31 Jan 2025 5 more

Punjab National Bank

01 Feb 2025

96.52

0.46%

Strong quarter; asset quality continues to improve

Buy: Punjab National Bank

Recommendation Target

Motilal Oswal

Punjab National Bank (PNB) reported a healthy 3QFY25 PAT of INR45.1b (103% YoY growth, 24% beat), primarily driven by provisioning reversal.

Punjab National Bank is trading below its 100 day SMA of 98.5

Punjab National Bank

31 Jan 2025

96.52

0.46%

Provision write-back drives Q3

Buy: Punjab National Bank

Sharekhan

Strong asset quality trends continued to drive earnings and RoA although operating performance was muted. NII at Rs. 11,032 crore (above estimates) grew by 7% y-o-y/5% q-o-q. NIMs were broadly stable, improved by 1 bps q-o-q to ~2.93%. Interest on IT refund & interest income from NPA recoveries,

Punjab National Bank is trading above its 50 day SMA of 94.0

Punjab National Bank

16 Jan 2025

96.52

0.46%

Binod Kumar takes charge as Indian Bank Managing Director and CEO

Business Standard

He brings with him extensive experience in banking, spanning more than three decades in various capacities. As Executive Director of Punjab National Bank (PNB) since November 2022

Punjab National Bank is trading below its 100 day SMA of 98.5

PNB, Indian Bank Shares Rise After Cabinet Clears Appointment Of New Top Management

NDTV Profit | 16 Jan 2025

Punjab National Bank

16 Jan 2025

96.52

0.46%

PNB MetLife partners with Saraswat Co-operative Bank to offer insurance solutions

Business Line

Bancassurance partnership aims to enhance financial inclusion

Punjab National Bank has lost -28.42% in the last 1 Year

Punjab National Bank

02 Jan 2025

96.52

0.46%

PNB and BoM clock good deposit and advances growth in Q3FY25

Business Line

PNB reports 15 per cent increase in global business in third quarter to 26,42,341 crore as at December-end 2024

Punjab National Bank has an average target of 130.50 from 4 brokers.

Punjab National Bank sees healthy growth in deposits and advances in Q3

Business Standard | 02 Jan 2025 1 more

Punjab National Bank

30 Dec 2024

96.52

0.46%

Looking ahead: Financial sector braces for leadership changes in 2025

Business Standard

Two public sector banks, Punjab National Bank (PNB) and Indian Bank, will welcome new leaders at the start of the year as their current incumbents retire on December 31, 2024