Punjab National Bank shares fall nearly 3%; know more

By Aditya Bhagchandani On April 8, 2024 10:17 IST

Shares of Punjab National Bank declined nearly 3% after the lender announced its fourth-quarter results last week.

The lender’s total advances in the fourth quarter went up by 11.5% to Rs 9.86 lakh crore Year-on-Year (YoY).

Punjab National Bank (PNB) announced that its total deposits in the January-March quarter of FY24 grew by 7% year-on-year (YoY). The total deposits for the quarter stood at ₹13.7 lakh crore, compared to ₹12.82 lakh crore in the same period last year. PNB’s total deposits also saw a sequential or quarter-on-quarter (QoQ) growth of 3.5%.

As of 10:10 am, the shares were trading 2.64% lower at ₹132.95 on the NSE.

PNB

Aditya Bhagchandani

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