Branch2 Intelligence
PNB shares in focus as advances rise 13% in Q1, global business nears Rs 30 lakh crore
Key takeaway
PNB Q1 advances up 12.85% YoY, deposits up 8.52%, global business crosses ₹30 lakh crore.
- Step 11st-order: PNB reports 12.85% YoY advances growth and 8.52% deposit growth, crossing ₹30 lakh crore global business.
- Step 22nd-order: Strong loan growth improves PNB's net interest income and asset quality, boosting profitability.
- Step 33rd-order: PNB's performance pressures competing PSBs and NBFCs to maintain market share, potentially compressing their margins.
Source: IN:Economic Times
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