CITI on PNB
Sell, TP Rs 96
Reported gross advances growth of 15% yoy/4.7% qoq in 3Q vs 13% yoy/3.5% qoq in 2Q & CitiE of 13.8% yoy
Expect RAM segments to be primary growth driver
Mgmt. maintains NIM guidance of 2.9-3% &endeavor to not only sustain but also grow NII
Sell, TP Rs 96
Reported gross advances growth of 15% yoy/4.7% qoq in 3Q vs 13% yoy/3.5% qoq in 2Q & CitiE of 13.8% yoy
Expect RAM segments to be primary growth driver
Mgmt. maintains NIM guidance of 2.9-3% &endeavor to not only sustain but also grow NII