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PNB shares decline 3% after Q1 business update; global business nears Rs 30 lakh crore
Punjab National Bank's Q1 FY27 business update reveals a robust 12.85% year-on-year surge in global advances, reaching Rs 12.75 lakh crore. Deposits also saw a healthy 8.52% rise. The bank's overall global business crossed Rs 30 lakh crore, marking over a 10% YoY increase. These positive trends are set to keep PNB shares in the spotlight.
Stocks to Watch for July 3: Adani Enterprises, Marico, Punjab National Bank and more
From Adani Enterprises launching QIP to PNB's global business rising 10.32% year-on-year; here are some stocks to track ahead of Friday trading session.
PNB Q1 Update: Global Business Hits Landmark Rs 30 Lakh Crore, Domestic Up 9.9%
Punjab National Bank (PNB)
Punjab National Bank Q1 Update: Global Business rises 10.32%, advances up 13%
Shares of Punjab National Bank Ltd ended at ₹106.95, down by ₹0.55, or 0.51%, on the BSE.
PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra
Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating ESG principles for responsible and sustainable development.
Zaggle Prepaid rises after signing 5-year agreement with PNB
Zaggle Prepaid Ocean Services (Zaggle) gained 2.73% to Rs 218.35 after the company announced that it has entered into a five-year agreement with Punjab National Bank (PNB) to launch a co-branded retail credit card.
Zaggle Prepaid inks 5-year agreement with PNB
Zaggle Prepaid Ocean Services (Zaggle) announced that it has entered into an agreement with Punjab National Bank (PNB) to act as a co-branding partner for a retail credit card product.
PNB, Ujjivan raise FCNR deposit rates
Punjab National Bank and Ujjivan Small Finance Bank have raised interest rates on FCNR(B) USD deposits for Non-Resident Indians. This move follows the RBI's announcement of a foreign currency swap window. Bank of Baroda has also introduced a new retail term deposit scheme for resident Indians. These initiatives aim to attract foreign capital and offer attractive returns to depositors.
Stocks to buy under ₹200: Mehul Kothari of Anand Rathi recommends three shares to buy or sell
Kothari recommends Yes Bank, Punjab National Bank, and Bandhan Bank for short-term investments under ₹200. The market remains cautious amid global uncertainties and rising crude oil prices.
PNB Q4 net profit rises 14% YoY to ₹5,225 crore; targets ₹2 lakh crore digital book in FY27
Punjab National Bank is seeing strong digital growth, sanctioning one in three loans digitally and crossing ₹1 lakh crore in digital sanctions. The bank reported a 14% profit jump for the fourth quarter of FY26. PNB anticipates further growth in retail term deposits and aims for a 12-13% credit growth in FY27. Digital transactions now exceed 95% of total transactions.
Stock Alert: Wockhardt, Jindal Stainless, Petronet LNG, Manappuram Finance, Aarti Industries
Larsen & Toubro, Mahindra and Mahindra, Punjab National Bank, Marico, Hero Motocorp, Lloyds Metals and Energy, SRF, Coforge, United Breweries, Poonawalla Fincorp, Ajanta Pharma, Emcure Pharmaceuticals, Aadhar Housing Finance, Gallantt Ispat, Jammu and Kashmir Bank, Voltamp Transformers, AAVAS Financiers, Lloyds Engineering Works, Alkyl Amines Chemicals, SJS Enterprises, Shilchar Technologies, GNG Electronics, Gujarat Heavy Chemicals, Aeroflex Industries, Shanthi Gears, Shoppers Stop, Dalmia Bharat Sugar and Industries, Cigniti Technologies, Raymond Realty, Raymond, Shipping Corporation of India Land and Assets, PTC India Financial Services, Spandana Sphoorty Financial, Dolphin Offshore Enterprises (India), CFF Fluid Control, DCW, Automobile Corporation of Goa (ACGL), Paushak, Mafatlal Industries, B Right Realestate, Kothari Petrochem, Foseco Crucible (India), Sutlej Textiles and Industries, Primo Chemicals, Onward Technologies, Kriti Nutrients, Jenburkt Pharma, Kriti Industries ..
Q4 Results Today: Coforge, Larsen And Toubro, Raymond, Emcure Pharma, Mahindra And Mahindra Among 60+ Companies To Declare Earnings
United Breweries, Raymond Realty, Shoppers Stop and Punjab National Bank are among the companies slated to declare earnings on May 5.