The major banking stocks experienced a decline following Q4 updates, with the Nifty Bank index dropping by 0.9%. Notable declines were seen in Kotak and IndusInd, both falling over 2%, while ICICI, PNB, and IDFC First experienced a drop of more than 1%.
The Bombay High Court has denied a request to include Debjyoti Dutta as an accused in the 3,000-crore PNB fraud case, following a plea submitted by Nitin Shahi of Gitanjali Gems.
Public sector banks (PSU) have drawn attention from investors following Q4 updates, showing a consistent increase in deposits and advances. Among them, Bank of Baroda, Punjab National Bank, and Union Bank reported year-on-year and quarter-on-quarter growth. However, Bank of Baroda slightly dipped by 0.8%, while Punjab National Bank saw an improvement of 0.4%. Union Bank registered a gain of 0.6% in this period.
Citi advises investors to consider selling their shares in PNB, with a target price of ₹115 per share, due to the bank's solid liquidity and steady growth as indicated by its loan-to-deposit ratio of 73.7%. Investors may want to review their holdings in light of Citi's recommendation.
Morgan Stanley has set a target price of ₹100 for Punjab National Bank (PNB), but remains cautious about its outlook, keeping the rating as 'Underweight'. Investors might want to consider other banking stocks with more promising prospects.
Morgan Stanley has kept a pessimistic view on Punjab National Bank, setting a price target of INR 100, despite modest quarterly loan growth, year-on-year increase in loans, and strong deposit growth. The bank's loan-to-deposit ratio stands at 72.5%.
Emami expands its portfolio with the purchase of Axiom Ayurveda for INR 200 crores, marking a significant step in the ayurvedic sector. Meanwhile, Tata Motors reports a 14.5% drop in Q4 wholesales and RVNL secures an order worth INR 242 crore. Elsewhere, RBL Bank experiences a 24% rise in YoY business growth, while PNB's global business growth is at 10.8% with a CASA ratio of 73.7%. The RBI approves the sale of 74% stake to Emirates NBD.
In the March quarter, PNB, Union Bank, and IDFC FIRST Bank observed an increase in lending over deposits, indicating a persistent appetite for loans despite taut liquidity situations. [The Times of India]
The Indian government retains a significant 70.08% ownership in Punjab National Bank, and no pledges have been made on the shares according to recent reports. As per SEBI's regulations for FY2026, there is currently no disclosure of collateral on the promoter's stake.
Punjab National Bank has confirmed that there are no liens on their shares in PNB Gilts as of the fiscal year ending March 31, 2026, adhering to SEBI Takeover Regulations. This information was shared with the Audit Committee of PNB Gilts.
PNB Housing promoters have not pledged any shares during the fiscal years 2025 and 2026, ensuring adherence to Securities and Exchange Board of India (SEBI) regulations 31(4-5). The audit committee confirmed this compliance.
Punjab National Bank's global business has surged by 2.9%, reaching an impressive Rs 28.91 lakh crore, thanks to a rise in domestic deposits (3.3%) and advances (2.5%-3.1%).
PNB's domestic loans have increased by 12% year-on-year, reaching INR 11.96 trillion. Similarly, global loans have grown to INR 12.6 trillion from last year.
Punjab National Bank showcases impressive Q4 results with a notable 11% rise in loan growth, while also improving the Current Account Savings Account (CASA) ratio. This positive momentum indicates a strengthening financial position for the bank.
In the financial year 2026, Punjab National Bank (PNB) reported a significant 12.2% increase in advances compared to the previous year, surpassing deposit growth. This notable expansion comes as both PNB and the Central Bank experienced double-digit credit growth, with deposits growing by 9.1% year over year.
Starting April 1, 2026, HDFC Bank will include UPI transactions within their free ATM withdrawal limit. PNB reduces debit card cash withdrawals at ATMs, while Bandhan Bank sets a cap on non-bank ATM transactions. These changes aim to streamline banking services across these three banks.
The Bombay High Court has determined that the Prevention of Money Laundering Act (PMLA) takes precedence over bank recovery laws, asserting the government's primary role in combating proceeds from criminal activities.