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Net Interest Income (NII) is expected to increase by 4.7 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 7,569.6 crore, according to Prabhudas Lilladher.
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Net Interest Income (NII) is expected to increase by 17.1 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 8,125.6 crore, according to Motilal Oswal.
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Net Interest Income (NII) is expected to decrease by 12.9 percent Y-o-Y (up 14 percent Q-o-Q) to Rs. 7,240.3 crore, according to Motilal Oswal.
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Net Interest Income (NII) is expected to decrease by 11.7 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 7,459.7 crore, according to Motilal Oswal.
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Net Interest Income (NII) is expected to decrease by 14.3 percent Y-o-Y (down 0.5 percent Q-o-Q) to Rs. 7,191.9 crore, according to Prabhudas Lilladher.
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Net Interest Income (NII) is expected to increase by 19 percent Y-o-Y (up 16 percent Q-o-Q) to Rs. 8,031 crore, according to Sharekhan.
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Net Interest Income (NII) is expected to increase by 4.8 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 7,074.0 crore, according to Emkay Research.
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Net Interest Income (NII) is expected to increase by 83.5 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs 8,586 crore, according to Sharekhan.
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PNB's annualised credit cost inched up to 3.8 percent during the quarter, against 3 percent in the previous quarter.
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Morgan Stanley prefers large corporate lenders (over PNB) where it sees much better risk-reward
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Net Interest Income (NII) is expected to increase by 44.7 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 4,432.4 crore, according to Motilal Oswal.
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Motilal Oswal expects loan growth to stay largely flattish, whereas deposits growth is expected to be around 2.5 percent YoY.
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In an interview with CNBC-TV18, Sunil Mehta of Punjab National Bank discussed the company's Q3 performance.
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Punjab National Bank’s second quarter profit at Rs 560 crore surpassed estimate on lower employee expense (down more than 19 percent YoY).
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Analysts feel if slippages come below Rs 6,000 crore, loan growth in double digits, and net interest margin & gross non-performing assets improve, then that will be taken positively by the Street.
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Punjab National Bank (PNB) Q1 earnings are in line with expectations. Loan growth and core income however remains weak. In an interview to CNBC-TV18, KV Brahmaji Rao, ED of Punjab National Bank spoke about the results and his outlook for the bank.
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Analysts said if slippages come below Rs 6,000 crore, loan growth in double digits, and improvement in net interest margin & gross non-performing assets then that will be positive.
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In the post-earnings press conference, Arundhati Bhattacharya said, “We do expect, we will need to take some pain in FY18 as the resolutions take place but FY19 things will get better.”
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Any improvement in net interest margin and lower slippages trend will be considered positive by the Street.
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Hinting at the fact that another lending rate cut may not come very soon, Ananthasubramanian said that all banks have brought huge cuts to the MCLR (marginal costs of funds based lending rates) after demonetisation already and these cover all the benefits the RBI passed onto the banks.
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Key questions of analysts are that will bank's slippages continue to trend downwards; will recovery & upgrades continue; will credit cost fall further and will gross non-performing assets improve further.
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The average borrowing cost in Q3 was 6.38 percent compared to 6.88 percent for the same period last fiscal, said SK Dubey, MD, PNB Gilts.
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Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren‘t as bad as expected. December wasn‘t as bad as forecast.
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In an interview to CNBC-TV18 Usha Ananthasubramanian, MD & CEO, PNB said that the way forward is to reduce slippages.
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Mayuresh Joshi of Angel Broking says that while PNB will see muted loan growth in next few quarters, but the asset quality pressure will start reducing on Balance Sheet. Loan growth for the bank is likely to start going up in next fiscal.
