Punjab National Bank Earnings

Punjab National Bank Share Price: On Tuesday, Punjab National Bank opened on the BSE at Rs 41.40, inching to an intra day high of Rs 41.45 and an intra day low of Rs 40.05

Punjab National Bank (PNB) said that it provided Rs 4,445.36 crore for bad loans in December quarter up form Rs 3,253.32 crore.

All sector gauges, barring the Nifty FMCG index, ended lower led by the Nifty Media index's 1.4 per cent fall.

Punjab National Bank's asset quality showed a slight deterioration in second quarter of current financial year. Its gross non-performing assets stood at Rs 79,458.09 crore in September quarter compared with Rs 77,267.29 crore in June quarter, PNBs exchange filing showed.

Punjab National Bank's net interest income, the difference between the interest earned and interest expended, declined 11.73 per cent to Rs 4,141.36 crore from Rs 4,691.86 crore in the year ago period.

PNB had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18

In terms of quarterly results, companies like Abbott India, Bharat Heavy Electricals, Emami, GAIL, Interglobe Aviation, Punjab National Bank, SpiceJet, Sun Pharma, GMR Infra, M&M and Power Finance Corp are expected to announce their fourth quarter (Q4) earnings results in the coming week.

Punjab National Bank (PNB), India's second largest government-owned lender by assets, reported a surprise profit in October-December quarter, aided by lower provisioning for bad loans. Punjab National Bank's net profit rose 7.12 per cent annually to Rs 246.51 crore, according to a regulatory filing by the lender. The net profit surprised analysts a...

The loss was much bigger than an estimated average loss of Rs 1,438 crore based on the views of 13 analysts.

Net loss was Rs 940 crore ($136.72 million) for the three months to June 30, compared with a profit of Rs 343 crore a year earlier, PNB said.

The BSE Sensex fell 156 points to close at 35,387 on Wednesday. National Stock Exchange (NSE) benchmark index Nifty fell 60 points to settle at 10,741. Concerns on government formation in Karnataka, where no party got a clear majority in election results on Tuesday, coupled with weakness in other Asian markets kept Sensex and Nifty under pressure d...

State-run banks witnessed strong buying with the Nifty PSU Bank index rising nearly 2 per cent. Punjab National Bank shares rose over 2 per cent.

PNB said its net profit rose to Rs 561 crore for the quarter ended September 30, from Rs 549 crore a year earlier.

The stock gained 2.85 per cent to Rs 162 on the BSE.

Gross bad loans as a percentage of total loans rose to 13.66 per cent at end-June from 12.53 per cent at March end, but fell marginally from 13.75 per cent at end-June 2016.

Punjab National Bank Share Price: On Tuesday, Punjab National Bank opened on the BSE at Rs 41.40, inching to an intra day high of Rs 41.45 and an intra day low of Rs 40.05

Punjab National Bank (PNB) said that it provided Rs 4,445.36 crore for bad loans in December quarter up form Rs 3,253.32 crore.

All sector gauges, barring the Nifty FMCG index, ended lower led by the Nifty Media index's 1.4 per cent fall.

Punjab National Bank's asset quality showed a slight deterioration in second quarter of current financial year. Its gross non-performing assets stood at Rs 79,458.09 crore in September quarter compared with Rs 77,267.29 crore in June quarter, PNBs exchange filing showed.

Punjab National Bank's net interest income, the difference between the interest earned and interest expended, declined 11.73 per cent to Rs 4,141.36 crore from Rs 4,691.86 crore in the year ago period.

PNB had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18

In terms of quarterly results, companies like Abbott India, Bharat Heavy Electricals, Emami, GAIL, Interglobe Aviation, Punjab National Bank, SpiceJet, Sun Pharma, GMR Infra, M&M and Power Finance Corp are expected to announce their fourth quarter (Q4) earnings results in the coming week.

Punjab National Bank (PNB), India's second largest government-owned lender by assets, reported a surprise profit in October-December quarter, aided by lower provisioning for bad loans. Punjab National Bank's net profit rose 7.12 per cent annually to Rs 246.51 crore, according to a regulatory filing by the lender. The net profit surprised analysts a...

The loss was much bigger than an estimated average loss of Rs 1,438 crore based on the views of 13 analysts.

Net loss was Rs 940 crore ($136.72 million) for the three months to June 30, compared with a profit of Rs 343 crore a year earlier, PNB said.

The BSE Sensex fell 156 points to close at 35,387 on Wednesday. National Stock Exchange (NSE) benchmark index Nifty fell 60 points to settle at 10,741. Concerns on government formation in Karnataka, where no party got a clear majority in election results on Tuesday, coupled with weakness in other Asian markets kept Sensex and Nifty under pressure d...

State-run banks witnessed strong buying with the Nifty PSU Bank index rising nearly 2 per cent. Punjab National Bank shares rose over 2 per cent.

PNB said its net profit rose to Rs 561 crore for the quarter ended September 30, from Rs 549 crore a year earlier.

The stock gained 2.85 per cent to Rs 162 on the BSE.

Gross bad loans as a percentage of total loans rose to 13.66 per cent at end-June from 12.53 per cent at March end, but fell marginally from 13.75 per cent at end-June 2016.