Bank stocks fell on Monday, June 1, on rising oil prices and bond yields. Analysts, however, remain positive on the sector outlook on healthy credit growth outlook
PNB sees credit growth touching 14% in FY27 despite West Asia risks, with ECLGS 5.0 expected to support MSMEs and sustain lending momentum
The Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to provide additional credit support to businesses facing liquidity stress due to the West Asia situation.
Punjab National Bank reported a domestic NIM of 2.61 per cent for Q4FY26, as compared to 2.96 per cent in the corresponding quarter of the previous fiscal
Stocks to Watch today, Wednesday, May 6, 2026: Vedanta, Zen Tech, Grasim Industries, PNB, and Emcure Pharma are among the top stocks to watch today
State-owned Punjab National Bank (PNB) on Tuesday reported a 14.4 per cent year-on-year rise in net profit to Rs5,225crore for the three months ended March 2026, driven by higher interest income. The lender had earned a net profit of Rs 4,567 crore in the year-ago period. However, the bank's total income fell to Rs36,319crore during the quarter under review from Rs36,705 crore a year ago, PNB said in a regulatory filing. Interest income grew to Rs32,157crore from Rs31,989crore in the fourth quarter of the previous financial year. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) improved to 2.95 per cent of gross advances as compared to 3.95per cent by the end of March 2025. Similarly, net NPAs came down to 0.29 per cent from 0.4 per cent. The board also recommended a dividend of Rs 3 per equity share for FY 2025-26, subject to approval of shareholders at the ensuing Annual General Meeting of the bank.
Q4FY26 company results: Firms including Ajanta Pharma, Emcure Pharmaceuticals, SRF, United Breweries, Shoppers Stop and Raymond are also to release their January-March earnings today
The RBI has issued final guidelines for transitioning to an Expected Credit Loss (ECL) framework, effective April 1, 2027, largely in line with the earlier draft.
Thus far in the month of April, the Nifty PSU Bank index has outperformed the market by soaring 15 per cent, as compared to 9.6 per cent rise in the Nifty 50.
State-owned banks PNB and Central Bank of India report strong double-digit credit growth in FY26, with advances rising faster than deposits across lenders
At 09:30 AM on Friday; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3.4 per cent, as compared to 1.2 per cent rise in the Nifty 50.
At 09:32 AM on Monday, the Nifty PSU Bank index was the top loser among sectoral indices, down 5.4 per cent as compared to 2.8 per cent decline in the Nifty 50.
In the past one month, the Nifty PSU Bank index has soared 12 per cent, as compared to 2.7 per cent decline in the Nifty 50.
Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.
Thus far in the month of February 2026, the Nifty PSU Bank index has rallied 5.5 per cent, as compared to 2 per cent rise in the benchmark Nifty 50.
In the past one month, the Nifty PSU Bank index has outperformed the market by surging 7 per cent, as against 0.5 per cent gain in the Nifty 50.
Bank stocks rally on India-US trade deal, and hopes of the government raising FDI cap in PSBs to 49 per cent, and relaxing voting rights, believe analysts.
Despite the past two days decline, the Nifty PSU Bank index has outperformed the market by surging 21%, as against 1% rise in the Nifty 50 in the past five months.
All the PSU Bank index constituents were trading lower, with Bank of India, Bank Maharashtra, Indian Bank, Bank of Baroda, and Union Bank of India falling in the range of 3 to 7 per cent
PNB reported a net profit of about ₹5,100 crore for the quarter, up in low double digits year-on-year (Y-o-Y), supported largely by a sharp rise in non-interest income.