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Punjab National Bank
U S financials send red alert for today
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U.S. STOCKS - Market slips on worries about credit losses
NEW YORK (Reuters) - U.S. stocks fell on Tuesday, led lower by financial shares,
which tumbled as worries about further losses stemming from the mortgage crisis
moved back into the spotlight.
News that JPMorgan Chase has racked up $1.5 billion of losses so far this quarter
on mortgage-linked assets sent the bank's stock down more than 8 percent
and reflected deepening turmoil in credit markets.
Goldman Sachs' shares also weighed on the financial sector after a number of analysts,
including Oppenheimer & Co's Meredith Whitney and Deutsche Bank's Michael Mayo,
cut their earnings estimates for the investment bank. The KBW index of bank shares
fell 5.4 percent.
Dallas Federal Reserve Bank President Richard Fisher added to negative sentiment
when he said the U.S. economy was in for prolonged slow growth and could shrink later this year.
v.krishnamoorthy...
Resistance and support level for tomarrow
Posted by :
sankarantprTracked by: 0 Boarder
The resistance and support level for
tomarrow (07.08.08)
R1 528.95 R2 561.85 R3 580.85
PIVOT 509.95
S1 477.05 S2 458.05 S3 425.15
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NSE Announcements on PNB
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Punjab National Bank had informed the Exchange that the Annual Dividend @130% i.e. Rs. 13.00 per equity share for the financial year 2007-08 has been declared in the Annual General Meeting held on August 04, 2008. The Bank has now informed the Exchange that the date of payment of the said Annual Dividend shall be September 02, 2008....
NSE Announcements on PNB
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has informed the Exchange that the Annual Dividend @ 130% i.e. Rs. 13.00 per equity share for the financial year 2007-08 has been declared in the Annual General Meeting held on August 04, 2008....
BSE Announcements on PNB
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Punjab National Bank has informed BSE that the members at the 7th Annual General Meeting (AGM) of the Bank held on August 04, 2008, inter alia, has been declared the Annual Dividend @ 130% i.e. Rs 13.00 per equity share for the financial year 2007-08....
Buy Punjab National Bank, target of Rs 627: Karvy
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Karvy Stock Broking has rated Punjab National Bank as a buy with a target price of Rs 627. In 1QFY09, Punjab National Bank's reported net interest income of Rs 14.5 billion....
Punjab National Bank
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zoombusinessTracked by: 0 Boarder
Rise in interest income and lower operating expenses helped Punjab National Bank post 20.6% increase in net profit in the first quarter of the financial year to Rs 512 crore against Rs 425 crore in the same period a year ago. Operating profit was up 5.3% to Rs 982 crore.
Net interest income rose to Rs 1,445 crore, up by 11% on a year on year basis. Operating expenses was up 4.7% to Rs 918.4 crore. On a Y-o-Y basis, advances rose 19% to Rs 1,14,430 while deposits rose 21% to Rs 1,66,457.2 crore. On an incremental basis, advances dipped Rs 5,071 crore while deposits grew Rs 6,616.8 crore. Net interest margin — the difference between the cost of funds and yield on advances — stood at 3.27%, down from 3.59% a year ago. et-
...
P N B raises lending rates
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The new rates would be effective from July 30.
The PSU bank-- Punjab National Bank announced hiking their PLRs by one percentage point.
Private lender Axis Bank Wednesday raised its prime lending rate (PLR) by 50 basis points .
All these are after the Reserve Bank of India (RBI) outlined strict measures to fight inflation by tightening liquidity.
v.krishnamoorthy
...
NSE Announcements on PNB
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Punjab National Bank has informed the Exchange that: "The Bank has decided to revise its BPLR from existing level of 13.00% p.a. to 14.00% p.a. effective 01.08.2008. The change in BPLR will be applicable in respect of all existing and new accounts wherever the interest rates are linked with BPLR. Bank has also revised its interest rates prescribed for retail advances, not linked to BPLR by 100 bps. Banks has also decided to increase the deposit rates of the Bank from 25 bps to 100 bps in some of the time slabs with peak rate of 9.75%"....
BSE Announcements on PNB
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Punjab National Bank has informed BSE that the Bank has decided to revise its BPLR from existing level of 13.00% p.a. to 14.00% p.a. effective August 01, 2008. The change in BPLR will be applicable in respect of all existing and new accounts wherever the interest rates are linked with BPLR. Bank has also revised its interest rates prescribed for retail advances, not linked to BPLR by 100 bps. Bank has also decided to increase the deposit rates of the Bank from 25 bps to 100 bps in some of the time slabs with peak rate of 9.75%.
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Punjab National Bk Q1 net profit at Rs 512 cr
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This is a veey good stock. Buy for long term....
In reply to:
Punjab National Bk Q1 net profit at Rs 512 cr
Posted by : MMB Messenger
Punjab National Bank has announced its first quarter results. The company's Q1 net profit at Rs 512 crore versus Rs 425 crore. 
Punjab National Bk Q1 net profit at Rs 512 cr
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab National Bank has announced its first quarter results. The company's Q1 net profit at Rs 512 crore versus Rs 425 crore....
NSE Announcements on PNB
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Punjab National Bank has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Interest earned of Rs. 413849 lacs for the quarter ending on 30-JUN-2008 against Rs. 336325 lacs for the quarter ending on 30-JUN-2007. Interest expended of Rs. 269374 lacs for the quarter ending on 30-JUN-2008 against Rs. 198501 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 51240 lacs for the quarter ending on 30-JUN-2008 against Rs. 42507 lacs for the quarter ending on 30-JUN-2007....
BSE Announcements on PNB
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Punjab National Bank has announced the following Un-Audited results for the quarter ended June 30, 2008:
The Bank has posted a net profit for the period of Rs 5124.00 million for the quarter ended June 30, 2008 as compared to Rs 4250.70 million for the quarter ended June 30, 2007. Total Income has increased from Rs 37951.20 million for the quarter ended June 30, 2007 to Rs 45946.20 million for the quarter ended June 30, 2008....
NSE Announcements on PNB
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Punjab National Bank has informed the Exchange that "The Bank has initiated the process of divestment of its stake in PNB Gilts Ltd"....
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