Punjab National Bank Share Price: Shares of PNB Surge Over 7% After Strong Q1 Result Announcement

Shares of Punjab National Bank (PNB) surged over 7 per cent following the bank's announcement of robust Q1 financial results. Reportedly, the stock opened at INR 124.86, a nearly 4 per cent increase from the previous close of INR 119.95, and peaked at INR 128.66, reflecting gains of over 6 per cent. The bank reported its highest-ever quarterly standalone profit of INR 3,252 crore, a remarkable 159 per cent increase year-on-year, driven by higher interest revenue and reduced bad loans. The net interest income (NII) grew by 10.2 per cent to INR 10,476.2 crore. PNB also announced a significant drop in gross non-performing assets (NPAs) and revised its credit cost guidance to 0.5 per cent from 1 per cent. RVNL Share Price: Shares of RVNL Surges 15.53% to Hit Record High of Rs 567.75.

Punjab National Bank Share Price

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