Mega-merger saves the day for Punjab National Bank

Mega-merger saves the day for Punjab National Bank

118
0
SHARE

Mega-merger saves the day for Punjab National Bank

Benefits of merger help PNB blunt 2nd wave hit but bad loans stay put
Benefits of merger help PNB blunt 2nd wave hit but bad loans stay put

Punjab National Bank’s (PNB) June-quarter metrics didn’t spell fresh trouble, nor did it see any big relief in the wake of the second covid wave.

The public sector lender managed to show a healthy operating performance despite its loan book hardly showing any growth. What has come to the rescue of PNB is a sharp reduction in operating expenses through incremental gains from the merger with two other public sector banks and low deposit rates.