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India's Q4 FY26 current account surplus at $7.1 bln, driven by services exports, remittancesIndia achieved a $7.1 billion current account surplus in the fourth quarter of the last fiscal year. This positive outcome was driven by st...
Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
Nifty Bank crashes 900 points as SBI, IndusInd, Yes Bank, other lender stocks tumble up to 4%. What lies ahead?The Nifty Bank index plunged nearly 900 points, driven by weak earnings from State Bank of India and broader market sentiment. SBI shares l...
PNB shares jump 4% after Q4 results but Jefferies, Motilal, other brokerages are cutting target prices; here's whyPunjab National Bank shares saw a significant jump on Wednesday. The lender reported a 14% rise in net profit for the fourth quarter of FY2...
PNB hikes cybersecurity spend as AI models including Anthropic's Mythos raise risksPunjab National Bank is boosting its cybersecurity spending by over 50% this financial year. The bank is investing heavily in technology to...
PNB Q4 net profit rises 14% YoY to ₹5,225 crore; targets ₹2 lakh crore digital book in FY27Punjab National Bank is seeing strong digital growth, sanctioning one in three loans digitally and crossing ₹1 lakh crore in digital sancti...
PNB Q4 Results: Cons net profit jumps 14% YoY to Rs 5,225 crore, but NII down 4%Punjab National Bank announced a robust 14% year-on-year net profit surge to Rs 5,225 crore for Q4 FY26, despite a slight dip in net intere...
Stocks in news: Tata Technologies, L&T, M&M, RIL, Manappuram FinanceMarkets closed with decent gains on Monday amidst volatile trading and mixed cues. Key sectors like banking and IT faced pressure, with cru...
Bullish on power, energy, and BFSI; cautious on IT amid weak earnings: Devarsh VakilHDFC Securities sees opportunity in India's recovering equity markets. The firm favors power and energy sectors, citing infrastructure grow...
Is it worth taking a fresh look at the housing finance sector? 6 housing finance stocks with upside potential of up to 18%Housing finance is one of those sectors where the macro picture is always attractive, but not so much the micro reality. At the level of th...
Stocks in news: SBI Life, Trent, Tata Investment, HCL Tech, Suzlon EnergyIn today's trade, shares of SBI Life, Trent, Tata Investment, HCL Tech, Suzlon Energy among others will be in focus due to various news dev...
PNB Housing Finance gives 18-20% growth guidance in FY27PNB Housing Finance has guided for 18–20% loan growth this fiscal, up from 15% in FY26, and expects no impact on housing demand from the We...
HDFC, Yes Bank, SBI, AU Small Finance Bank shares jump up to 4%. Key Nifty Bank levels to watch out forIndian bank stocks experienced a significant jump on Tuesday. AU Small Finance Bank, HDFC Bank, SBI, and Yes Bank saw notable increases. Th...
NBFCs doing well, but Iran war, margins cloud road aheadNon-banking finance companies anticipate strong growth in the upcoming quarter. However, rising funding costs may limit profit margins. Ana...
RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
Housing finance stocks near inflection point, Bernstein picks 2 favouritesAffordable housing finance stocks are nearing a turning point. Bernstein highlights attractive valuations and improving growth and asset qu...
PNB Q4 updates: Global business rises 11% YoY to Rs 29.72 lakh crore; advances jump 13%Punjab National Bank reported an 11% year-on-year rise in global business to Rs 29.72 lakh crore in Q4, with advances growing 13%. Domestic...
Bad loans weigh on PSU banks as growth faltersA comparatively higher rate of loans slipping into non-performing assets and restructuring of loans impacted the asset quality of the publi...
- PNB aims profit of 7,500 cr by 2013
The country's second largest public sector lender Punjab National Bank aims to double its profit to Rs 7,500 crore in the next four years.
- PNB pays Rs 72.90 crore dividend to GOI
Punjab National Bank has paid 40% interim dividend amounting to Rs.72.90 crore for the financial year 2006-07, to Govt. of India.