PNB share price: Punjab National Bank (PNB) is a BUY, details highlighted for INVESTORS
PNB Share price: PNB emerged stronger during the pandemic year FY21 compared to the previous financial year. The absolute GNPA declined 6% YoY to Rs 1 tn and absolute NNPA stood flat at Rs 385bn. Provision coverage for bad loans improved to 80.1%. Moreover, the NII/NIM drag down in 4QFY21 is insignificant due to the onetime impact of interest reversal from proform slippages
The major concerns of higher SMA 2 (5% of book) and restructured (0.4% of book) are already in the price of PNB. PNB Bank expects a bulky resolution in FY22E: Reuters