The results of GNP Q2 will come out today; this is what you have to be careful
NEW DELHI: Punjab National Bank is ready to declare its second quarter performance today, that is, on November 5, 2019. Due to colossal provisions and contingencies, the bank owned by the Indian government reported a loss of Rs 4,532 million rupees for the quarter of September of the previous year.
With an important merger with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC), the performance of the Punjab National Bank in the second quarter of 2019 intrigues all market analysts and investors. The bank was trading at Rs 69.20 (NSE) and Rs 69.20 (BSE) at 10:34 am on November 5, 2019.
In the first quarter of 2019, PNB surprised everyone by reporting a profit of Rs 1,018.63 rupees due to a large drop in provisions. With the merger of the PNB, UBI and OBC entity as of April 1, 2019, it will be exciting to see the GNP earnings in the second quarter of 2019.
(With agency contributions)