Page 2 - Punjab National Bank News

PNB shares upgraded to 'Add' at JM Financial; check outlook, target here

JM Financial upgraded the stock to 'Add' and set a target price of ₹125 per share, a potential upside of 6.2 per cent from Tuesday's closing price

PNB looks to achieve ₹4 trn corporate loan book in FY26: MD & CEO Chandra

The bank is also expanding digital offerings, growing its credit card base, and re-entering the West Asian market with plans to reopen its Dubai office, said Ashok Chandra

PNB expects $1 billion hit in transition to new credit rules, says CEO

The country's third-largest state-owned lender by market capitalisation is one of the first to disclose an estimate on the likely effect of the rules

PNB Q2 results: Net profit up 14% at ₹4,904 cr on improved asset quality

Punjab National Bank on Saturday reported 14 per cent rise in standalone net profit at Rs 4,904 crore for September quarter FY26. It had logged a profit of Rs 4,303 crore in the year-ago period, the state-owned lender said in a BSE filing. Operating profit in July-September was at Rs 7,227 crore and Rs 14,308 crore in April-September (H1) FY26, recording a growth of 5.46 per cent and 6.51 per cent, respectively on year-on-year basis. Total income in the second quarter was at Rs 36,214 crore and Rs 73,445 crore in H1FY26, clocking a YoY growth of 5.1 per cent and 10.3 per cent, respectively. Bank's net interest income (NII) increased to Rs 21,047 crore in H1FY26 from Rs 20,993 crore in H1FY25, showing an improvement of 0.26 per cent on year-on-year basis. Gross NPA ratio improved by 103 basis points to 3.45 per cent as on September 2025 from 4.48 per cent a year ago. Net NPA ratio improved by 10 basis points to 0.36 per cent from 0.46 per cent as on September 2024. The bank furthe

Nifty PSU Bank index rallies 2%, SBI stock nears record high; here's why

SBI, Uco Bank, Punjab & Sind Bank, Indian Overseas Bank, Central Bank of India, PNB and Canara Bank were up in the range of 2 per cent to 5 per cent in Friday's intra-day trade.

PNB to allocate 20% of FY26 spend to boost IT, digital infra: CEO Chandra

PNB MD & CEO Ashok Chandra says the bank is investing heavily in technology upgrades, digital safety systems, and customer experience modernisation this fiscal

Results preview: Bank profits to see sharp dent in Q2 on margin pressure

Credit costs may also weigh on margins, given the stress in the unsecured loan book, bankers said

Structural gains, valuation support positive for PSU bank stocks

PSU banks have gained 10% in a month as improved profitability, strong deposit franchises, stable asset quality and reasonable valuations drive investor interest

Motilal Oswal sees re-rating potential for PSU banks; SBI, PNB top bets

Despite a nearly 5x jump in aggregate mcap since FY20, most coverage PSBs still trade at reasonable valuations of 0.8-1x forward P/B & 5-7x FY27E EPS, leaving room for further upside.

SBI, Canara, Indian Bank hit 52-wk highs; PSU Bank index up 1%; here's why

In the past one month, the Nifty PSU Bank index has outperformed the market by surging 8 per cent, as compared to less than 1 per cent rise in the Nifty 50.

Nifty PSU Bank index rises 2%; nears 52-week high. What's driving PSBs?

Thus far in the month of September, Nifty PSU Bank index has outperformed by surging 7.5 per cent, as compared to 3.7 per cent rise in the Nifty 50.

Indian banks' dividend payouts may fall by 4.2% in FY26, says S&P

S&P Market Intelligence expects Indian banks' dividend pay-outs to decline 4.2% in FY26 as margins and profits weaken, with HDFC Bank and Bank of Baroda set to cut dividends

Nifty PSU Bank index rallies 3% in 2 days; Indian Bank hits all-time high

PSU Bank stocks gained up to 2% in trade on Thursday; Nifty PSU Bank index hit an intra-day high of 7,142.25, and was 2.3 per cent away from its 52-week high of 7,304.80 touched on July 17, 2025.

The good and worrying about the bad loan problem of state-owned banks

Lenders are improving asset quality but they are struggling to recover money

Bond windfall cushions NII strain for PSBs as margins shrink on rate cuts

Public sector banks saw Q1 FY26 profit rise 10.6% YoY on treasury gains and lower provisions, while NII was flat as lenders passed on policy rate cuts to customers

PSBs in focus: SBI, BOB up 2%, Indian Bank hits record high; here's why

At 10:22 AM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 1.8 per cent, as compared to 0.19 per cent gain in the Nifty 50 on Monday.

Min balance fine removal may benefit PNB in long run: MD Ashok Chandra

Our domestic NIM currently stands at 2.84 per cent. Including our overseas portfolio of Rs 55,000 crore, the global NIM is around 2.70 per cent, says Chandra

Punjab National Bank falls 4% on Q1 results; should you buy, sell or hold?

PNB's share price was trading 2 per cent lower at ₹105.9 per share after the bank posted its June 2025 quarter results

PNB Q1 net profit plunges 48% to ₹1,675 crore on higher tax outgo

PNB's profit dips due to switch to new tax regime; operating metrics improve with better asset quality, strong retail credit growth and healthy capital adequacy