Prabhudas Lilladher has recommended accumulate rating on Punjab National Bank with a target price of Rs 160 in its research report dated May 22, 2017.
Non-core assets are investments made by banks that are not related to core areas of lending and borrowing, and includes strategic investments in other firms, real estate, holdings in subsidiaries and joint ventures.
The loan defaulters were being greeted by the PNB staff with flowers and request to return back the public money given as loan to them. A greeting such as ‘Get Well Soon Financially" is said to the defaulters.
The BBB in a statement said that "Sinor has decided to re-engage with the activities of the Bureau, with his usual fervour and vigour". Earlier, sources had told PTI that Sinor had resigned as member of the BBB within days of sudden changes in the top management of two large public sector banks -- Punjab National Bank and Bank of India.
Edelweiss is bullish on Punjab National Bank has recommended buy rating on the stock with a target price of Rs 180 in its research report dated May 18, 2017.
ICICI Direct recommended hold rating on Punjab National Bank with a target price of Rs 160 in its research report dated May 17, 2017.
Sudip Bandopadhyay, Market Expert is of the view that State Bank of India is a buy at current level.
Sharmila Joshi of sharmilajoshi.com is of the view that one may stay invested in Punjab National Bank.
Rajat Bose of rajatkbose.com is of the view that one may hold Punjab National Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Punjab National Bank, Ceat and Engineers India.
Rajat Bose of rajatkbose.com is of the view that Punjab National Bank may test Rs 174 while Ceat may hit Rs 1705.
Gross non-performing assets as a percentage of gross advances fell to 12.53 percent from 13.7 percent and net NPAs fell to 7.81 percent from 9.09 percent on sequential basis.
Any improvement in net interest margin and lower slippages trend will be considered positive by the Street.
Ashwani Gujral of ashwanigujral.com recommends buying Canara Bank, Punjab National Bank and Bank of Baroda.
According to Ashwani Gujral of ashwanigujral.com, one may sell Punjab National Bank, Capital First and Yes Bank.
Ashwani Gujral of ashwanigujral.com suggests selling YES Bank, Capital First and Punjab National Bank.
Rajesh Agarwal of Aum Capital recommends buying Canara Bank, Federal Bank, Punjab National Bank and State Bank of India.
Before joining Allahabad Bank, she was the MD & CEO of Punjab National Bank, a bank release said.
The government today appointed new managing directors and chief executive officers of seven public sector banks, which included the appointment of R Subramaniakumar as the MD and CEO of the Indian Overseas Bank (IOB).
Vijay Chopra of enochventures.com recommends buying Punjab National Bank with a stoploss at Rs 165 and target of Rs 175 and SpiceJet with a stoploss at Rs 108 and target of Rs 116.
Ruchit Jain of Angel Broking advises buying Bharat Forge with a target of Rs 1195.
The country's second largest public sector lender Punjab National Bank will raise up to Rs 3,000 crore through Basel III compliant additional tier-I bonds.
Vishal Malkan of malkansview.com is of the view that one may buy Indian Bank with a target of Rs 330.
Jay Thakkar of Anand Rathi Securities advises buying Indo Count Industries with a target of Rs 204.90.
Sudarshan Sukhani of s2analytics.com suggests buying Punjab National Bank, Tata Chemicals and TVS Motor Company.