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KR Kamath, chairman and managing director of PNB said he expects to achieve the bank’s guidance for full year margins despite savings bank interest rate deregulation.
India's second largest PSU bank by market cap - Punjab National Bank is expected to report a profit after tax of Rs 1,148 crore in the second quarter of FY12, a growth of 7% as compared to Rs 1,074.5 crore in the corresponding quarter of last fiscal.
India's second largest PSU bank by market cap - Punjab National Bank is expected to report a profit after tax of Rs 1,148 crore in the second quarter of FY12, a growth of 7% as compared to Rs 1,074.5 crore in the corresponding quarter of last fiscal.
KR Kamath, chairman and managing director of the bank joins CNBC-TV18 to talk beyond the numbers and the way forward for PNB.
Punjab National Bank is to announce its first quarter results. According to CNBC-TV18's estimates the company's net interest income (NII) is seen up 16% at Rs 3052.6 crore versus Rs 2618.6 crore.
KRChoksey has come out with its earning estimates on banking sector for the quarter ended June 2011. According to the research firm, Punjab National Bank (PNB) June quarter net interest income are expected to go up by 19% at Rs 3124crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on banking sector for the quarter ended June 2011. According to the research firm, Punjab National Bank (PNB) June quarter net interest income are expected to go up by 12.3% at Rs 2940.9crore, year-on-year, (YoY) basis.
The market is not counting on banks in the April-June quarter as net interest margin (NIM), the main barometer to determine banks’ health is expected to record a contraction to the tune of 10-20 basis points. The reason is three-pronged: higher interest rate, muted credit growth and new provisioning norms.
Punjab National Bank is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's net interest income (NII) is seen up 31% at Rs 3261 crore versus Rs 2498 crore.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, Punjab National Bank (PNB) March quarter net operating income are expected to go up by 22.3% at Rs 4,197 crore, year-on-year, (YoY) basis.
Emkay Global Financial Services has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, Punjab National Bank (PNB) March quarter net interest income (NII) are expected to go up by 24.6% at Rs 3113.4 crore, year-on-year, (YoY) basis.
Sharekhan has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, Punjab National Bank (PNB) March quarter net interest income (NII) are expected to go up by 29.6% at Rs 3236 crore, year-on-year, (YoY) basis.
Mid-cap Indian banks reported strong profits for October-December on Friday, riding on robust loan growth and increased corporate activity, but rising interest rates could weigh on margins going forward.
Speaking on the bank's earnings, KR Kamath, CMD, PNB told CNBC-TV18 recoveries have been higher this time around than last year. Kamath expects loan growth to be around 25% this year.
Punjab National Bank (PNB) is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up by 12.8% to Rs 1,140.7 crore from Rs 1,011.3 crore on year-on-year basis.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Punjab National Bank (PNB) December quarter operating income are expected to go up by 23.4% to Rs 3775 crore, Year-on-Year, (Y-o-Y) basis.
KRChoksey has come out with its earning estimates on banking and financial sector for the quarter ended December 2010. According to the research firm, Punjab National Bank (PNB) December quarter net interest income (NII) are expected to go up by 26% to Rs 2937 crore, Year-on-Year, (Y-o-Y) basis.
Prabhudas Lilladher has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Punjab National Bank (PNB) December quarter net interest income (NII) are expected to go up by 30.9% at Rs 3049.7 crore, Year-on-Year, (Y-o-Y) basis.
Karvy Stock Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Punjab National Bank (PNB) December quarter net interest income (NII) are expected to go up by 33.1% to Rs 3099.3 crore, Year-on-Year, (Y-o-Y) basis.
In January, companies will announce their results for the quarter ending December 31, 2010. In an interview with CNBC-TV18, Abhijit Mazumdar, Prabhudas Liladhar and Vaibhav Agrawal, Angel Broking, speak about their expectations from the banking sector.