Punjab National Bank

*Punjab National Bank*

Inverse H&S Pattern: Weekly Basis
Strong Price & Vol. BreakOut / BuiltUp

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

*Snapshot*
Leading Indian PSB with 10,264 branches / 13,400 ATMs.
NII grew 9.6% QoQ to 8,271cr in Q2FY23 (up 30% YoY), with increase in yield on Advances, Funds & Investments. NIM expanded 20bps QoQ to 3.1%. PAT was up 33.3% QoQ, but slumped 62.8% YoY owing to higher provisioning.
GNPA/NNPA ratio stood at 10.5%/3.8% (vs. 11.3%/4.3% in Q1FY23)
PCR improved 100bps QoQ to 84.0%. Slippage ratio down 40bps QoQ to 3.3%, Credit costs down 70bps QoQ to 1.8%. CAR was 14.7% / Tier-I ratio was 12.2%.

*Concern:*
NPA levels still very high vs. Peers. High provisioning & Weak ROE.

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
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