PNB share price: Q4 result DETAILS highlighted for investors; check TARGET
Sharekhan says that Punjab National Bank posted weak results with operational performance coming below expectations and disappointing asset quality performance. The Net Interest Income (NII) came at Rs 6937 cr, was down 16.3% qoq and was below expectations. The PAT came in at Rs 586 cr, up 15.9% QOQ (there was a Loss in Q4 FY2020) but was still below expectations, mainly due to lower topline due to high slippages
Punjab National Bank has 5% of loans under SMA-2, driven by MSME/retail segments even as recent regulatory support may help absorb some of the pain: Reuters