Mon, Apr 08, 2024
Punjab National Bank's total advances in the fourth quarter were up by 11.5 per cent to Rs 9.86 lakh crore Year-on-Year (YoY). Its total deposits of the bank grew by seven per cent in the fourth quarter to Rs 13.70 lakh crore. After the results, Morgan Stanley maintained an 'underweight' rating for PNB with a target price of Rs 70. On the other hand, Bank of Baroda's domestic deposits increased by 7.75 per cent to Rs 11.28 lakh crore in the fourth quarter this fiscal from Rs 10.47 lakh crore in the same quarter last year.
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Mon, Dec 04, 2023
Punjab National Bank (PNB) shares surged to a 52-week high on Dec 4, riding the wave of market optimism triggered by the BJP's landslide win in recent state elections. The stock soared 3.21%, hitting a peak of Rs 84.60, as the broader Nifty PSU Bank index also jumped 3.33%.
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