|Bid||185.80 x 0|
|Ask||0.00 x 0|
|Day's Range||175.25 - 187.80|
|52 Week Range||128.20 - 231.45|
|PE Ratio (TTM)||32.15|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||193.62|
(Reuters) - Investment manager Principal Financial Group Inc said on Tuesday it would purchase Indian lender Punjab National Bank's minority stakes in their joint ventures. The agreement, subject to regulatory ...
Investment manager Principal Financial Group Inc said on Tuesday it would purchase Indian lender Punjab National Bank's minority stakes in their joint ventures. The agreement, subject to regulatory approval, ...
Punjab National Bank, India’s second-largest state-run lender, will be able to avoid massive losses after the government forced delinquent borrowers to repay loans or face liquidation proceedings under ...
Punjab National Bank’s (NSEI:PNB) profitability and risk are largely affected by the underlying economic growth for the region it operates in IN given it is a small-cap stock with aRead More...
Punjab National Bank (NSEI:PNB) generated a below-average return on equity of 2.87% in the past 12 months, while its industry returned 8.57%. An investor may attribute an inferior ROE toRead More...
Punjab National Bank has raised 50 billion rupees ($777 million) from a share sale to institutional investors, sources with direct knowledge of the transaction said on Tuesday. PNB, the second-biggest state-run bank in India, offered the new shares at 168 rupees each in a deal aimed at boosting its capital ratio. The sale had an initial offer size of 30 billion rupees, but PNB fully exercised an option for a further 20 billion rupees following strong demand.
NEW DELHI/MUMBAI (Reuters) - Two of India's big state banks saw the pace of bad loan growth slow in the second-quarter, but steep provisions for defaulters in bankruptcy proceedings mean profits will stay under pressure until at least March. Punjab National Bank (PNB), the second-biggest state lender, reported a better-than-expected second quarter profit on Friday of 5.61 billion rupees, with additions to bad loans 42 percent less than the first quarter. Union Bank of India, the sixth-biggest state lender, reported a surprise 15.31 billion-rupee loss in the three months to Sept. 30, mainly due to front-loading of provisions for bankruptcy cases but additional bad loans dropped 40 percent on the previous quarter.
Indian banking shares soared on Wednesday, sending indexes to record highs after the cabinet approved a $32 billion plan to recapitalise its state banks over the next two years, although uncertainty remains about how the injections will be structured. The gains come after India's cabinet announced its plan to inject 2.11 trillion rupees ($32.4 billion) into state-run lenders over the next two years, in a bid by Prime Minister Narendra Modi to tackle a major drag on the economy that has frustrated his attempts to boost growth. The plan was announced after Indian markets closed on Tuesday.
India's cabinet approved a $32.43 billion plan on Tuesday to recapitalise its state banks over the next two years, in a bid by Prime Minister Narendra Modi to tackle a major drag on the economy that has frustrated his attempts to boost growth. Once the world's fastest-growing major economy, India has seen its growth rate plummet to the lowest in three years, far below levels needed to create enough jobs to absorb the million Indians joining the work force every month.
12:00 pm: Transport Minister Nitin Gadkari to unveil Highway NEST and Highway Village logo in New Delhi. Have their recoveries lasted and what are the implications for fixed income and monetary policy in Asian markets? Tune in at 3:30 pm IST to find out with Dr. Lee Smales, Professor at Curtin University.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05172017.pdf If you would like to receive this newsletter via email, please register ...
INR 2,356,558,727.02 of securities rated. Singapore, March 03, 2017-- Moody's Investors Service has assigned a definitive P-3 rating to the Series A Pass Through Certificates issued by Novo 1 Ahan 2017 ...