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Punjab National Bank (PNB)
PNB expects liquidity pressures to ease after March on account of lower credit demand.
The bank is confident that it should not face any major challenges on asset quality.
According to the bank, the restructured book has seasoned sufficiently as it has been
almost two years since the restructuring was implemented. It does not expect more
than 2-3% further slippage to NPAs from this book.
NIM is likely to decline sequentially and the bank expects to end FY11 at 3.9%.
However, in the longer term it expects NIM in the range of 3-5%-3.6%.
Historically, the bank has maintained its loan growth ahead of the system. It expects this
trend to continue, with loan growth 2-3% ahead of the system.
PNB expects a capital infusion of INR1,840m from the central government to raise its
holding to 58%, although it stated that the bank is well capitalized to grow its business at
a CAGR of ~25% in the next two to three years.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Punjab National Bank (PNB)
PNB expects liquidity pressures to ease after March on account of lower credit demand.
The bank is confident that it should not face any major challenges on asset quality.
According to the bank, the restructured book has seasoned sufficiently as it has been
almost two years since the restructuring was implemented. It does not expect more
than 2-3% further slippage to NPAs from this book.
NIM is likely to decline sequentially and the bank expects to end FY11 at 3.9%.
However, in the longer term it expects NIM in the range of 3-5%-3.6%.
Historically, the bank has maintained its loan growth ahead of the system. It expects this
trend to continue, with loan growth 2-3% ahead of the system.
PNB expects a capital infusion of INR1,840m from the central government to raise its
holding to 58%, although it stated that the bank is well capitalized to grow its business at
a CAGR of ~25% in the next two to three years.
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