What can be called as ranged trading, once again the Indian stocks markets closed with very small gains,
In low volumes day the NSE CNX Nifty traded below 2800 level most part of the day and closed at 2789.65 with gains of 13 points, BSE Sensex closed at 9042 up by 27 points.
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Punjab National Bank (PNB) today announced its Q3 Results; the bank has given very good numbers as the banks net profit jumped by 85.61%. The Net Profit stood at 1005.8 crore against 541.5 crore in same quarter in last financial year.
The bank has reported net interest income of Rs. 1967.4 crore Vs 1424.4 crore YOY which is up by 38.12%
NIM (Net Interest Income) was at 3.5%
Bank also has cut the PLR by 50 basis Points and deposit rate by 50-100 basis points.
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