PNB CEO Atul Kumar Goel discusses the bank s improved financial performance. The bank has achieved a net profit of Rs 5,000 crore in the first nine months, with a target of Rs 7,500 crore for the whole year. The decline in slippages and improvement in asset quality have contributed to the bank s success. NIMs have also improved due to the recovery in gross and net NPAs. PNB has been successful in raising deposits, with a good CASA ratio, and aims to achieve a 1% ROA by 2024-2025.
Shares of Nicola Mining Inc. (CVE:NIM – Get Free Report) traded down 3.9% on Monday . The stock traded as low as C$0.25 and last traded at C$0.25. 7,000 shares were traded during trading, a decline of 82% from the average session volume of 39,011 shares. The stock had previously closed at C$0.26. Nicola Mining […]
Motilal Oswal Group s Chairman, Raamdeo Agrawal, discusses the strong performance of the capital market in October and November, with December being exceptionally high. He mentions the increase in returns, particularly in midcaps and smallcaps, which has attracted more people to the market. Agrawal highlights the vertical growth in the capital market, the influx of new investors, and the positive impact on the GDP growth of the country. He also talks about the expansion of the capital market business due to digital onboarding.
Despite decent growth, investors are concerned due to Axis Bank’s apprehensions about credit and deposit growth. The lender foresees a slowdown in credit growth and limitations on deposit expansion
Total provisions in the December quarter fell to ₹2.4 crore from ₹33 crore a year earlier. The gross non-performing assets ratio remained stable at 1.69% compared with 1.7% earlier.