Punjab National Bank Q1 – Recovery In Operating Performance; Asset Quality Remains Watchful: Motilal Oswal

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Punjab National Bank reported a healthy performance, supported by a pick-up in net interest income and lower opex, even as provisions stood stable sequentially.

Business growth remains under pressure, with a sequential decline in loans/deposits.

However, Punjab National Bank’s margin witnessed ~5 basis point QoQ improvement to 2.73%.

Slippages stood elevated (~6.2% annualised), led by the retail, agriculture, micro, small and medium enterprise segment.

However, higher recoveries and upgradations limited the decline in asset quality ratios.

Total restructured book stands ~2.02% of loans, while total special mention account- I and II stands elevated at 3.9%.

Click on the attachment to read the full report:

Motilal Oswal PNB Q1FY22 Result Update.pdf


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