Punjab National Bank

Kothari recommends Yes Bank, Punjab National Bank, and Bandhan Bank for short-term investments under ₹ 200. The market remains cautious amid global uncertainties and rising crude oil prices.

PSU banking stocks gained attention post Q4 FY26 earnings, with State Bank of India, Punjab National Bank, and Bank of Baroda showing profit growth. Investors are now prioritizing asset quality and margin trends over earnings figures, leading to varied market reactions.

Punjab National Bank also plans to appoint a consultant for its AI initiatives and develop a dedicated strategy to tackle emerging cyber-fraud threats, such as Claude Mythos and AI-enabled phishing attacks, say CEO Ashok Chandra.

Credit on UPI gets a boost as Punjab National Bank partners with Kiwi to launch a feature-rich credit card with cashback and seamless digital payments.

Bank holiday today, 15 April: Banks, including SBI, HDFC, ICICI, Punjab National Bank, Axis Bank, will remain closed in some parts of India on the occasion of Pohela Boishakh, Bohag Bihu, Vishu and Himachal Day.

Kotak Mahindra Bank and IndusInd Bank shares led the decline, falling over 2% each. This was followed by ICICI Bank, Punjab National Bank (PNB), and IDFC First Bank, which slipped more than 1% each.

Nandish Shah from Motilal Oswal highlights Punjab National Bank, SBI, and Indian Bank as strong long-term investment options. Despite recent market challenges, he emphasises their solid fundamentals and growth potential.

The Nifty Bank index has crashed 9% so far in March. From the index, stocks such as Bank of Baroda, Federal Bank, Punjab National Bank, Union Bank, and Canara Bank are down 10-11% this month.