PNB Q3 results preview: key points to consider
NEW DELHI: the state lender National Bank of Punjab It is scheduled to announce its earnings for the quarter ended December 2019 on Tuesday February 4.
Recently, the Bank decided not to sell shares in its subsidiary PNB Housing Finance and maintain a minimum of 26% stake as a promoter, which ended all speculation.
In the past five years, the share of National Bank of Punjab has gone down from Rs 176.75 on February 03, 2015 to Rs 60.95 on January 29, 2020 on BSE. While market experts are eagerly waiting for the performance reports of National Bank of Punjab , its shares traded at Rs 57.35 on NSE around 03:59 pm on Monday, February 03.
In the second quarter, that is, the quarter ended in September 2019, the Bank reported a net profit of Rs 507.05 rupees. Net interest income (NII) for the quarter increased 7.2 percent to Rs 4,262 crore from Rs 3,974 crore in the same period last year.
Founded in the year 1894, National Bank of Punjab is involved in offering various services such as retail internet banking, mobile banking, corporate internet banking, loans, credit cards and many more.