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Punjab & Sind Bank slips for fifth straight session
Punjab & Sind Bank is quoting at Rs 23.38, down 0.13% on the day as on 13:19 IST on the NSE. The stock jumped 5.41% in last one year as compared to a 5.65% slide in NIFTY and a 15.87% spurt in the Nifty PSU Bank index.
OPL in talks to sell stake to AvenuesAI, eyes AI-powered credit revolution
Online PSB Loans (OPL) is in advanced talks to bring AvenuesAI on board as a minority stakeholder, with AvenuesAI planning to acquire a 7% equity stake. This strategic investment will see AvenuesAI become the sole AI-led platform in OPL's investor consortium, enhancing credit access for the underserved through a blend of AI, payments technology, and public-sector digital banking.
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.
Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26
Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a healthier balance sheet for these institutions.
Indian banks avoid fresh Gulf bets as Iran crisis drags on
Indian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial trouble. State Bank of India and Punjab National Bank are among those taking a cautious approach. This move aims to manage risks and ensure stability in international operations.
PNB earmarks ₹3,400 crore for IT, AI push amid rising cyber frauds
Punjab National Bank also plans to appoint a consultant for its AI initiatives and develop a dedicated strategy to tackle emerging cyber-fraud threats, such as Claude Mythos and AI-enabled phishing attacks, say CEO Ashok Chandra.
SBI Q4 Preview: Can the largest PSB deliver good profits despite treasury pain?
SBI is expected to report a subdued March quarter as treasury losses likely offset stable loan growth and resilient margins. Brokerages expect modest profit growth, steady asset quality and stable credit costs, while investors will closely track management commentary on margins, deposits, loan growth and the impact of a lower interest-rate environment.
PNB shares jump 4% after Q4 results but Jefferies, Motilal, other brokerages are cutting target prices; here's why
Punjab National Bank shares saw a significant jump on Wednesday. The lender reported a 14% rise in net profit for the fourth quarter of FY26. This positive result led brokerages to maintain their 'Buy' ratings. However, some target prices were revised by the brokerages. The bank also announced a dividend of Rs 3 per equity share.
PNB gains 3% on mixed Q4; analysts flag weak margins, eye up to 25% upside
Punjab National Bank reported a domestic NIM of 2.61 per cent for Q4FY26, as compared to 2.96 per cent in the corresponding quarter of the previous fiscal
Punjab National Bank shares rise after analysts see up to 25% upside on Q4 results, outlook
20 analysts have coverage on PNB, of which 11 have a "buy" rating, four say "hold" and five have a "sell" rating on the state-run lender.
PNB Shares In Focus As Brokerages Cut Target After Q4 Profit Surge — Buy Or Sell?
Punjab National Bank announced quarterly results on Tuesday, May 5.
PNB hikes cybersecurity spend as AI models including Anthropic's Mythos raise risks
Punjab National Bank is boosting its cybersecurity spending by over 50% this financial year. The bank is investing heavily in technology to protect against digital threats, including those posed by advanced AI. This move comes as regulators and banks assess preparedness for AI-related risks. PNB is also accelerating the purchase of security tools and has made its audit process continuous.