Punjab National Bank PNB
NSE · India · Finance
INR 109.57-3.49 (-3.09%)
Market closed· · INR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · INR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Punjab National Bank (BOM:532461) reports robust business expansion and improved asset quality, while focusing on enhancing profitability and managing geopolitical risks.
India's Punjab National Bank is stepping up investments in cybersecurity and accelerating procurement of technology to guard against rising digital threats including those from advanced AI models, a senior executive said on Tuesday. The country's third largest state-run lender by market capitalisation has earmarked about 20% of its technology budget for cybersecurity, or roughly 7 billion to 8 billion rupees ($73.5 million - $84 million) for the current financial year, executive director D Surendran told Reuters in an interview, adding that this allocation is more than 50% higher than the
Punjab National Bank (BOM:532461) reports robust growth in global business and profits, despite challenges in net interest margins and credit costs.
The divestment of the stake resulted in proceeds of approximately Rs10.07bn (around $114m).
The discussions regarding the consolidation are projected to extend into FY 2027.
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