Punjab National Bank Q4 Review - Weak On Multiple Counts: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Punjab National Bank reported overall weak earnings growth (YoY) due to soft margin expansion, ~35% YoY decline in non-interest revenue and 3.5% YoY increase in provisions (ageing plus slippages). The stock of gross non-performing asset declined QoQ, mainly led by large write-offs. Recoveries/upgrades seemed weak vis-a-vis elevated slippages. At a time when most banks have reported improvement, PNB’s credit cost seems to have deteriorated, affecting earnings. Loan growth was lower than industry rate, held back by low capital ratio, coupled with aggression from private banks. Sequentially, PNB saw higher growth in the corporate portfolio, likely indicating an upturn in the corporate credit cycle going forward. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Punjab National Bank Q4 Review - Weak On Multiple Counts: Nirmal Bang

Punjab National Bank Q4 Review - Weak On Multiple Counts: Nirmal Bang

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