Skip to Main content

19.49°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

May 12, 2022 11:01 AM - ANI

PNB share price tumbles 13.6 per cent on disappointing Q4 numbers

Share On

pnb-share-price-tumbles-13-6-per-cent-on-disappointing-q4-numbers

PNB share price_ANI

Share price of state-run lender Punjab National Bank (PNB) slumped 13.6 per cent on Thursday after the company reported 66 per cent drop in its fourth-quarter profit.

Trading in PNB shares started sharply lower at Rs 31.70 against its previous day's close at Rs 33.10 at the BSE.

PNB share was trading 13.44 per cent down at Rs 28.65 at 3.19 pm. Earlier, the scrip tumbled to a low of Rs 28.50 in the intra-day.

The bank's share slumped after it announced disappointing financial numbers for the fourth quarter of 2021-22.

PNB on Wednesday reported a standalone net profit of Rs 202 crore for January-March 2022 quarter against Rs 586 crore recorded in the corresponding quarter of the previous year, posting a decline of 66 per cent.

Latest news

new-westminster-police-officers-help-rescue-15-residents-from-apartment-fire

New Westminster police officers help rescue 15 residents from apartment fire

New Westminster Police Department officers helped rescue 15 residents from a burning apartment building Thursday evening after spotting smoke while working nearby, according to the police department. Police said officers were in the 800 block of 5th Avenue at about 6 p.m. when they became aware of the fire. As they approached the building, they saw several older adults leaning out of windows to avoid the smoke. According to a New Westminster Police Department news release, officers entered the building alongside crews from New Westminster Fire and Rescue Service and assisted 15 residents to sa

Coquitlam man faces six firearms charges following Surrey and Coquitlam searches

A 35-year-old Coquitlam man is facing six firearms-related charges after a joint investigation by B.C.'s anti-gang police and the Surrey RCMP Provincial Operations Support Unit. According to the Combined Forces Special Enforcement Unit of British Columbia (CFSEU-BC), the investigation began in June. On July 16, officers executed search warrants at two residences in the 11500 block of 141A Street in Surrey and the 4300 block of Quarry Road in Coquitlam. Police said investigators seized several firearms during the searches, including two Beretta handguns. Officers arrested Sadiq Azimali Daya at

man-dies-after-fleeing-surrey-traffic-stop-struck-by-vehicle-on-highway-10

Man dies after fleeing Surrey traffic stop, struck by vehicle on Highway 10

A man died after being struck by a vehicle while fleeing on foot following a traffic stop in Surrey late Thursday night, according to the Surrey Police Service. Police said an officer stopped a westbound vehicle for a traffic enforcement check at about 11 p.m. in the 15600 block of 56 Avenue, along Highway 10. The driver then exited the vehicle and fled on foot. According to the Surrey Police Service, the man was crossing the roadway when he was struck by an eastbound vehicle. Surrey police officers, Surrey Fire Service crews and BC Emergency Health Services paramedics attempted life-saving me

suspect-arrested-after-firearm-reported-at-new-westminster-shopping-centre

Suspect arrested after firearm reported at New Westminster shopping centre

A suspect is facing potential charges after allegedly brandishing a firearm at a patron outside a coffee shop in New Westminster on Wednesday morning, according to the New Westminster Police Department. Police said officers responded to a 9-1-1 call at about 6 a.m. on July 30 after receiving reports that a person had pointed a firearm at someone seated on the patio of a business in the Columbia Square shopping centre. Investigators determined the suspect fled across Columbia Street, passed through a hole in a fence and crossed nearby railway tracks. Officers searched the area with assistance f

b-c-supreme-court-strikes-down-parts-of-mental-health-act-allowing-treatment-without-consent

B.C. Supreme Court strikes down parts of Mental Health Act allowing treatment without consent

The B.C. Supreme Court has ruled that portions of the province's Mental Health Act that allow patients to receive psychiatric treatment without their consent are unconstitutional, giving the provincial government six months to amend the legislation. Justice Lauren Blake found that British Columbia was the only province in Canada where patients could be subjected to psychiatric treatment without an assessment of their decision-making capacity. The court concluded that the provisions violate constitutional protections. The ruling comes as the B.C. government is pursuing plans to expand involunta

Related News

India says Kartarpur Corridor to remain closed amid ongoing security concerns

India says Kartarpur Corridor to remain closed amid ongoing security concerns

The Government of India has said the Sri Kartarpur Sahib Corridor will remain closed, citing the current security situation despite requests from Sikh religious organizations to reopen the cross-border pilgrimage route. The Ministry of External Affairs said it has received representations from Sikh religious groups seeking the reopening of the corridor. However, the ministry stated that prevailing security conditions have necessitated keeping the corridor closed. The issue was raised during the ongoing Monsoon Session of Parliament by Members of Parliament Harsimrat Kaur Badal and Gurmeet Sing

Supreme Court issues notice to Punjab CM Bhagwant Mann, AAP leaders in 2020 protest case

Supreme Court issues notice to Punjab CM Bhagwant Mann, AAP leaders in 2020 protest case

The Supreme Court has issued notices to Punjab Chief Minister Bhagwant Mann and several Aam Aadmi Party (AAP) leaders on a petition filed by the Chandigarh Administration challenging a Punjab and Haryana High Court ruling that quashed a rioting case linked to a 2020 protest against higher electricity tariffs. The notices were issued to Mann, Harpal Singh Cheema, Gurmeet Singh, Meet Hayer, Baljinder Kaur, Aman Arora and others, directing them to respond to the Chandigarh Administration's petition. During the hearing, the Additional Solicitor General argued that the High Court's decision was leg

Punjab CM Bhagwant Mann says no exam papers leaked during AAP government’s tenure

Punjab CM Bhagwant Mann says no exam papers leaked during AAP government’s tenure

Punjab Chief Minister Bhagwant Mann said his government has not reported any paper leaks in the state during the past four and a half years, rejecting allegations raised by opposition leaders. Mann’s remarks came hours after BJP MPs protested outside Parliament demanding the resignation of Punjab Education Minister Harjot Bains over alleged irregularities related to examinations. According to Mann, the Punjab government has provided 69,000 government jobs during its tenure based on merit and without recommendations, paper leaks or cash transactions. He said allegations of paper leaks were be

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital