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.
Since October 2025, Bank of India, Union Bank of India and Canara Bank have surged between 29 - 34 per cent. FPIs have increased stake in select PSU Banks by up to 3 per centage points.
Punjab National Bank posts its highest-ever quarterly profit in Q3FY26, aided by strong non-interest income, improved asset quality and higher capital adequacy
Punjab National Bank's share price declined as much as 5.37 per cent to ₹125.25. Earlier on Monday, the stock rose 2.11 per cent and touched a 52-week high of ₹135.15.
PNB recorded a decline of13.6 per cent in its net non-performing assets (NNPA) to ₹3,834 crore as of December 2025, from ₹4,437 crore a year earlier
Stocks to watch on Monday, January 19: At around 7:10 AM, GIFT Nifty futures were down 180 points at 25,571.50, signaling a gap-down start for the bourses.
PNB expects to recover over ₹400 crore from MTNL and up to ₹500 crore through NPA sales this quarter, as the bank sharpens its focus on asset recovery and balance-sheet strength
Financial shares rally on Monday: In the past one week, the BSE Financial index has outperformed the market by gaining 2.2%, as compared to 0.7% rise in the BSE Sensex.
At 11:39 AM on Wednesday; the Nifty PSU Bank index was the top gainer among sectoral indices, up 1.8 per cent at 8,581.65, as compared to 0.5 per cent rise in the Nifty 50.