Pnb
Latest news, results and stock-moving updates on Pnb. Tracking 5 stories on Arth Vani.
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Latest on Pnb
PNB Targets ₹20,000 Crore Profit; Rules Out Selling Stakes in Subsidiaries for Now
Punjab National Bank (PNB) has decided to pause the monetization of its subsidiary companies to focus on internal value creation. The bank expects its net profit to cross the ₹20,000 crore mark this fiscal year, backed by strong capital adequacy and steady loan growth.
IPOBreakingBihar's State Power Transmission Co. Plans Landmark ₹1,000 Crore IPO
Bihar State Power Transmission Co. (BSPTCL) is preparing for an Initial Public Offering (IPO) valued at approximately ₹1,000 crore. Punjab National Bank's (PNB) investment advisory arm will assist BSPTCL in this historic share sale. This IPO could be India's first public listing of a state-owned power transmission utility.
PNB Recovers ₹193 Crore as Prudent ARC Wins Bid for Aban Offshore Debt
Punjab National Bank has successfully offloaded ₹1,080 crore of stressed debt from Aban Offshore to Prudent ARC. The deal provides the bank with a higher recovery than what the promoters had originally offered, strengthening PNB's balance sheet.
Bank Stocks Rally as Oil Prices Drop; Nifty Bank Hits One-Month High
The Nifty Bank index surged by 700 points today as easing global tensions led to a decline in crude oil prices and a stronger Indian Rupee. Major lenders including HDFC Bank, Yes Bank, and PNB saw gains of over 2%, boosting retail investor portfolios.
PSU Bank Stocks Tumble Up to 21%: Opportunity or Value Trap for Retail Investors?
State-run bank stocks have entered a correction phase, falling significantly from their recent record highs. While the RBI's latest policy moves aim to boost the sector, market experts advise a selective approach focusing on lenders with strong financial foundations.
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