Punjab National Bank: Citi on Punjab National Bank Sell, Target Price ₹103, citing loan growth in line with guidance but below system, weaker-than-guided deposit growth, stable NIMs, low slippages/credit costs, continued ECL provisioning, and subdued 1Q RoA of ~0.8–0.85%.
Punjab National Bank: Citi on Punjab National Bank Sell, Target Price ₹103, citing loan growth in line with guidance but below system, weaker-than-guided deposit growth, stable NIMs, low slippages/credit costs, continued ECL provisioning, and subdued 1Q RoA of ~0.8–0.85%.