Punjab National Bank

(PNB)

Punjab National Bank Faces Market Decline Amid Sell-Off - 21 Nov, 2024

Punjab National Bank's shares dropped significantly due to market conditions and Adani Group's issues, resulting in a market cap loss. Analysts maintain a positive outlook with revised target prices.

Punjab National Bank Shares Surge, Market Cap Rises - 19 Nov, 2024

Punjab National Bank's shares rose by 2.43% to Rs 102.97, leading to a market cap increase of Rs 2,813 crore, reflecting optimism about its financial stability.

PNB Stock Rises Amid Insolvency Challenges - 18 Nov, 2024

Punjab National Bank's stock rose 2.36% to Rs 101.83, increasing market capitalization by Rs 2,748 crore. Despite facing insolvency challenges, PNB shows progress in recovering non-performing assets.

Punjab National Bank Plans Corporate Expansion - 16 Nov, 2024

Punjab National Bank aims to expand its corporate book size by the end of the financial year, with several solar projects and infrastructure loans in the pipeline, according to MD and CEO Atul Kumar Goel.

Punjab National Bank Reports Strong Growth in FY25 - 13 Nov, 2024

Punjab National Bank, along with 11 other public sector banks, reported an 11% YoY growth in aggregate business for April-September FY25. Credit and deposits grew by 12.9% and 9.5%, respectively, while net profit surged by 25.6%. NPA ratios improved, indicating a positive trend in financial health.

Punjab National Bank Reports Strong H1 FY25 Performance - 12 Nov, 2024

Punjab National Bank, part of the public sector banks, showed robust performance in H1 FY25 with an 11% increase in business and a 26% rise in net profit. The bank's gross and net NPA improved, reflecting a positive trend in financial health.

Punjab National Bank Shows Signs of Reversal - 11 Nov, 2024

After a period of selling pressure, Punjab National Bank is showing early signs of a potential pullback from a support zone. Indicators suggest a possible reversal, with expectations for the stock to move towards 124 in the coming weeks.

PNB Ordered to Compensate Customer for Fraud - 09 Nov, 2024

The State Consumer Commission ordered Punjab National Bank to pay Rs 99,000 in damages to a customer due to ATM cash withdrawal fraud. PNB's claims of customer negligence were dismissed, as investigations revealed card cloning was the cause. The bank failed to act promptly on the reported fraud, leading to the compensation order.

Supreme Court to Rule on Jet Airways Resolution - 07 Nov, 2024

The Supreme Court is set to deliver a verdict on the State Bank of India and other creditors' challenge against the NCLAT's approval of Jet Airways' resolution plan, which has raised concerns among creditors including Punjab National Bank.

Punjab National Bank Reports Strong Q2 Earnings and Leadership Change - 29 Oct, 2024

Punjab National Bank reported a remarkable 145% increase in Q2 net profit, reaching ₹4,303 crore. The bank's asset quality improved significantly, and brokerages raised stock targets. Leadership transition is underway as Atul Kumar Goel prepares to retire, with Ashok Chandra recommended as the new MD and CEO.

PNB Reports Strong Q2 Earnings and Profit Surge - 28 Oct, 2024

Punjab National Bank reported a net profit of ₹4,303 crore for Q2 FY25, marking a 145% increase YoY. The bank's asset quality improved, with gross NPAs at 4.48%. The stock reacted positively, crossing the ₹100 mark.

Punjab National Bank Market Cap Rises by ₹3,683 Crore - 24 Oct, 2024

Punjab National Bank's shares surged by 3.32%, adding ₹3,683 crore to its market capitalization, which now stands at ₹1,14,975.40 crore. Increased investor interest and optimism in the banking sector contributed to this rise.

PNB Shares Show Marginal Gains Amid Volatility - 23 Oct, 2024

Punjab National Bank shares were trading positively at Rs 95.06 after a previous drop, reflecting a 26% decline over six months but a 35% gain over the past year.