Punjab National Bank532461Banking
Punjab National Bank's stock gained after reporting stronger-than-expected net interest margin growth, improved asset quality and additional provisioning in Q2 results
By ScoutQuest · · 1 min read
- Domestic NIM growth
- 10 basis points
- Global NIM growth
- 8 basis points
- IBPC offloaded
- 50,000 crore rupees
- Deposit growth guidance
- 13 to 14 percent
- Credit growth
- 17 to 18 percent
Heard on business television between 10:16:13 - 10:19:13 IST.
- MD & CEO Ashok Chandra said domestic NIM grew by 10 basis points and global NIM by 8 basis points this quarter, beating consensus estimates of 2.4%.
- He attributed this to managing liquidity and cost of deposits, and offloading about 50,000 crore rupees of low-yielding IBPC in the last year.
- He guided deposit growth of 13-14% versus credit growth of 17-18%, continuing to offload low-yielding advances in Q3 and Q4.
- He said a 25 basis point rate hike this quarter will add about 7 basis points to NIM, with further improvement of about 10 basis points expected by March 2027 if another rate cycle occurs.
- On provisions, he said the bank holds 2,560 crore rupees floating provision and added 1,150 crore rupees additional standard asset provision, giving comfort ahead of the ECL framework transition on April 1, 2027, with no expected challenge to profitability or capital.
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Source: Live TV News Channel · 19 Oct 2026
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