Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight…
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PNB shares rally 7% after reporting 159% YoY jump in Q1 profit. Should you invest?
Shares of state-owned lender Punjab National Bank (PNB) rallied 7% to the dayβs high of Rs 128 on BSR after reporting a 159% year-on-year (YoY) jump in its net profit for the quarter ended June 30, 2024, while the bankβs net interest income (NII) rose to Rs 10,476 crore, up by 10% YoY. The net…
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