PNB Bank: Punjab National Bank is making waves at the moment. PNB shares saw a huge surge after its Q2 results. Now it is expected that PNB may come up with a special scheme for its customers during the festive season.
As you know PNB is the second largest public sector bank in India. Let us tell you that Punjab National Bank had declared its Quarter 2 results yesterday in which the bank had made a profit of Rs 1,756 crore. The bank is moving ahead with a growth of 327 percent.
#Q2Results | Punjab National Bank (#PNB) is expected to report a net profit of ₹1,563 crore in the July-September of FY24, registering a growth of 280% from ₹411.3 crore in the corresponding quarter of last fiscal, as per average analysts estimateshttps://t.co/1H41Cel4no
— Mint (@livemint) October 26, 2023
PNB becomes hot stock after results
Since this news, Punjab National Bank has become a hot stock among investors in the stock market. Purchases were made continuously. The bank kept trading in the green throughout the day yesterday.
In view of this, the bank can give good news to the customers. If reports are to be believed, a scheme regarding fixed deposits may be issued by the bank in the coming one or two weeks. In which FD plans can be brought with cheaper rates.
Successful in adding 15 to 20 lakh new customers
If this happens, then believe me, crores of PNB customers who are planning to do FD will get huge benefit. PNB’s performance this year has been good compared to last year. According to statistics, the bank has been successful in adding 15 to 20 lakh new customers in this financial year. At the same time, retention numbers are also giving strength to the bank. Before this, along with Bank of India, Indian Bank has also brought new plans on FD.
