|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||183.65 - 192.85|
|52-week range||112.00 - 231.60|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
NEW DELHI/MUMBAI (Reuters) - Two of India's big state banks saw the pace of bad loan growth slow in the second-quarter, but steep provisions for defaulters in bankruptcy proceedings mean profits will stay under pressure until at least March. Punjab National Bank (PNB), the second-biggest state lender, reported a better-than-expected second quarter profit on Friday of 5.61 billion rupees, with additions to bad loans 42 percent less than the first quarter. Union Bank of India, the sixth-biggest state lender, reported a surprise 15.31 billion-rupee loss in the three months to Sept. 30, mainly due to front-loading of provisions for bankruptcy cases but additional bad loans dropped 40 percent on the previous quarter.
Kolkata, Oct 25 (IANS) State-run lender Punjab National Bank (PNB), which is eyeing a total business of about Rs 11.50 lakh crore by the end of the current financial year, is hoping to bring down the net NPA (non-performing asset) ratio to less than 8 per cent by end 2017-18, an official said here on Wednesday. As on June 30, 2017, the lender's gross NPA was at 13.66 per cent while its net NPA ratio was at 8.67 per cent. "We are hoping that the level of gross NPA would come down to less 12 per cent while net NPA ratio is expected to be less than 8 per cent by end March 31, 2018," he said.
Mumbai, Aug 2 (IANS) State-owned Punjab National Bank (PNB) on Wednesday reported a 12.09 per cent increase in the standalone net profit for the first quarter (Q1) of 2017-18. According to the bank, its ...
REUTERS - Punjab National Bank , India's fourth-biggest lender by assets, reported a 12 percent rise in quarterly profit, as provisions for bad loans fell, although the profit increase was smaller than ...
Mumbai, May 16 (IANS) State-owned Punjab National Bank (PNB) on Tuesday reported a standalone net profit for the fourth quarter (Q4) of 2016-17. According to the bank, its standalone net profit during ...
Punjab National Bank reported on Tuesday a fourth-quarter net profit of 2.62 billion rupees as its bad loans eased. Bad loans as a percentage of total loans eased to 12.53 percent at end-March, from 13.7 ...
Punjab National Bank (PNB), India's fifth-biggest lender by assets, reported on Tuesday a surge in third-quarter profit on lower provisions for bad loans, but the profit fell short of analysts' expectations. Net profit rose to 2.07 billion rupees ($30.7 million) for the three months to Dec. 31 from 510.1 million rupees a year earlier, the state-run lender said in a stock exchange filing. Analysts on average had expected a net profit of 6.29 billion rupees, according to data compiled by Thomson Reuters.