INSUBCONTINENT EXCLUSIVE:
Shares of Punjab National Bank (PNB) were trading higher in early trade on Friday ahead of its financial results for the quarter ended June
The scrip was trading 1.51 per cent up at Rs 67 at around 10.05 am (IST), while benchmark BSE Sensex was down 110 points, or 0.29 per cent,
at 37,720 at around the same time
Brokerage firm Prabhudas Lilladher believes that lender may report a net profit of Rs 382.70 crore for the June quarter against a loss of
Rs 940.01 crore in the corresponding quarter last year
However, it sees 4.20 per cent and 16.30 per cent year-on-year fall in net interest income (NII) and pre-provision operating profit in
It has been able to post strong recovery or upgrades in FY19 which are also very crucial in FY20 to improve asset quality ratios and
The declines in gross and net non-performing loans will continue but there is no major account for either upgradation or slippage this