Adani effect? PSU bank stocks fall up to 7%; SBI, PNB, BoB lead
Indian banks and NBFCs have given over ₹88,000 cr in loans to the Adani Group, with three big PSBs (SBI, PNB, Bank of Baroda) having exposure of nearly ₹40,000 cr.
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PNB Housing Finance shares surge 10% amid block deal; General Atlantic Singapore Fund looks to exit
General Atlantic Singapore Fund FII Pte Ltd was planning to sell its entire 5.13% stake in PNB Housing Finance, aiming to raise ₹1,033 crore.
PC Jeweller shares hit 10% upper circuit on settlement offer from PNB
Last month, PC Jeweller had also received a similar proposal from Union Bank of India to settle its outstanding dues.
PSU bank shares end in red; IOB, UCO Bank, Central Bank fall up to 5%
The weakness in PSU banks was in sync with the broader market as investors booked some profit ahead of the general election results due on June 4.
PSU banks end in red after RBI proposes tighter project finance rules; SBI, PNB, BoB fall up to 6%
RBI has significantly enhanced the provisioning requirement during the construction phase of a project to 5%.
PNB Housing Finance shares rally 14% on rating upgrades; Morgan Stanley pegs 54% upside
Last week, ICRA and CARE upgraded PNB Housing Finance's long-term ratings, citing its improved asset quality metrics as well as strengthened capitalisation profile.
Why are PNB shares rising for 4 sessions?
The PSU lender has risen over 12% in the last four sessions, touching its fresh 52-week high of ₹110.95 in intraday trade today.
PNB shares hit 52-week high; becomes third PSU bank to achieve ₹1 lakh cr mcap
The market cap of PNB crossed ₹1.01 lakh crore today after the shares of the PSU lender rose 2.1% to hit a fresh 52-week high of ₹91.81 intraday.
PNB Housing shares rise after affordable housing biz achieves ₹1,000 cr loan book
PNB Housing Finance recently launched its 100th Roshni branch in India and plans to take the total number to 160 by the end of FY24
PNB shares jump 4% on record Q2 profit; surge 43% in 6 months
Punjab National Bank’s Q2 net profit zoomed 327% YoY to ₹1,756 crore, which was the highest in the last 14 quarters.
