PUNJAB NATIONAL BANK Q1 RESULTS

Banks' lending to brokers surged on rising market activity

Institutional lending to stockbrokers witnessed a significant surge of 28% in FY25, fueled by increased trading activity and greater investor participation in the equities market. Punjab National Bank experienced the most substantial growth, while ICICI Bank remained the leading lender. Conversely, State Bank of India reduced its exposure to this sector during the same period.

Punjab floods: 2 more deaths take toll to 48; schools, colleges to reopen from September 8

Punjab is reeling from severe floods that have claimed 48 lives. Crops across 1.76 lakh hectares are damaged. Schools and colleges will reopen on September 8. Farmers can extract sand from their fields. Relief operations are underway by various agencies.

Punjab floods: Death toll rises to 46, crop on 1.75 lakh hectares damaged

Devastating floods in Punjab have claimed 46 lives and damaged crops across 1.75 lakh hectares, prompting extensive relief efforts from various agencies. The state grapples with overflowing rivers and heavy rainfall, impacting nearly 2,000 villages and displacing thousands. Political tensions rise as the state government seeks central assistance amidst accusations of discrimination and insufficient support.

PNB signs Rs 21,000 cr MoU with Rajasthan govt under Rising Rajasthan initiative

Punjab National Bank (PNB) has committed Rs 21,000 crore to Rajasthan's Rising Rajasthan initiative, aiming to boost socio-economic progress through its extensive network and digital resources. During a visit to Jaipur, PNB's MD & CEO, Ashok Chandra, distributed 2,000 loan sanction letters to women entrepreneurs and emphasized digital adoption, financial inclusion, and fraud prevention.

Maine in crisis as deadliest disease in the world spreads among residents

The Maine CDC has confirmed three unrelated cases of active tuberculosis (TB) in the Greater Portland area, urging residents to be aware of symptoms like a persistent cough lasting more than three weeks. Despite Maine reporting 28 TB cases this year, health officials stress the public’s risk remains low. TB spreads only through “close, prolonged contact,” and can be treated with antibiotics or prevented by the BCG vaccine.

Punjab Cabinet meeting deferred after CM Bhagwant Mann falls ill; Arvind Kejriwal visits flood-hit areas

The Punjab Cabinet meeting got postponed because Chief Minister Bhagwant Mann fell ill. He is recovering from viral fever and digestion problems. The meeting was to address flood relief efforts. Arvind Kejriwal visited Mann to check on his health. Kejriwal assessed flood damage in Sultanpur Lodhi, Kapurthala. Punjab is facing severe floods, with rising death toll and agricultural damage.

Back-to-back settlement holidays to delay trade processing; what investors need to know

Investors should brace for delayed settlements as September 5 and 8 are declared settlement holidays. Equity trades from September 4–8 will be credited on September 9, with back-end operations halted. Liquidity, arbitrage opportunities, and derivatives activity may face short-term pressure.

SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%

SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.

Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore

Oyo has reported a profit after tax of over Rs 200 crore in the first quarter of fiscal year 2026, with revenue growing 47% to Rs 2,019 crore. The company's Gross Booking Value surged 144% to Rs 7,227 crore, driven by hotel openings and premiumization.

Varun Beverages Ltd forms JV with Everest International to make refrigerators

Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.

Omnichannel jewellery retailer Bluestone narrows Q1 loss as revenue rises 41%

For the Bengaluru-based company, which announced its first results after listing on the Indian bourses, total expenses during the quarter rose 29% to Rs 538.4 crore, led by a 51% jump in employee benefit costs to Rs 62.9 crore.

US stock market: Dow Jones falls, S&P 500, Nasdaq gain. Check top performing stocks

Google parent Alphabet and Apple made big gains as S&P 500, Dow Jones, Nasdaq look ahead to key US jobs data later in the week.

JSW Cement Q1 profit before exceptional item & tax at Rs 164.74cr, revenue up 7.8%

JSW Cement Ltd reported a multi-fold increase in its profit before exceptional items and tax of Rs 164.74 crore for the first quarter ended June 2025.

'Not all heroes wear capes…some just quit jobs': Why a 29-year-old PNB banker walked away without a plan B

Vani, a 29-year-old former Punjab National Bank officer, has gone viral after publicly resigning from her job without a backup plan. In her video, she described how the role left her mentally drained, unhappy and disconnected from herself despite the financial security it provided. She admitted quitting was a privilege not everyone could afford but said peace mattered more than pay. Her decision has divided opinion, with many applauding her courage while others question whether leaving without security is sustainable.

PNB, Bank of India reduce lending rates in September 2025: Check revised MCLR rates here

Punjab National Bank and Bank of India have revised their MCLR, effective September 1, 2025. PNB reduced rates by up to 15 bps across tenures, while BoI lowered rates by 5-15 bps, except for the overnight tenure. These revisions may bring relief to borrowers with loans linked to MCLR, potentially lowering EMIs.

Is India's Q1 GDP growth overestimated? The surprise behind the better-than-expected 7.8% number

HSBC India warns that India’s June quarter GDP growth of 7.8% may be overstated due to low deflators, especially in services and manufacturing. Inflation adjustments risk inflating real growth. External pressures like US tariffs and GST revenue impacts pose further challenges. Economists emphasize cautious optimism and stress the need to monitor growth sustainability amid evolving fiscal and global dynamics.

Robust Q1 GDP numbers reflect India's resilience: Economic Affairs Secretary

22 dead as floods wreak havoc in Pakistan's Punjab; Lahore inundated after almost 40 yrs

Severe floods hit Punjab province in Pakistan. Lahore faces inundation after 38 years. Twenty-two people died in the last 24 hours. Over 1,700 villages are underwater. Excess water released from India worsened the situation. The army has been called in for rescue operations. One million people have been evacuated. Sikh religious sites will be restored.

RBL Bank shares rise 3% after Societe Generale acquires shares worth Rs 79 crore via bulk deal

RBI Bank share price: French lender Societe Generale executed a bulk deal in RBL Bank, purchasing over 31 lakh shares worth Rs 79 crore at an average price of Rs 250.57, while simultaneously offloading 1.29 lakh shares in another trade.

Property prices rise in 45 of 50 cities in Q1 of FY26: NHB report

NHB data reveals that property prices in 45 out of 50 cities increased in the first quarter of 2025-26, with the 50-city Housing Price Index rising by 5.7%. Bengaluru saw the highest appreciation at 9.1%, while Howrah experienced the maximum decline at 6.1%. Home loan interest rates also moderated by 100 basis points in February 2025.

Rate cuts by RBI ease corporate debt burden, sectoral gains uneven: BoB Report

The Reserve Bank of India's interest rate cuts have lowered borrowing costs, boosting debt serviceability for companies, though benefits are uneven. A Bank of Baroda report indicates that while overall sales and profit growth have occurred, the crude oil and BFSI sectors significantly influence these trends.

Banks seek to put Q1 disappointment behind, eye big turnaround

For Indian banking, the focus will now be on adjusting to the new interest rate environment and leveraging the anticipated increase in liquidity to improve their financial performance in the coming months. While the initial quarter has presented challenges, the outlook for a rebound in net interest margins could signal a turning point for the industry.

India Inc earnings downgrade drought shows first signs of breaking: Will Q2 mark the bottom?

The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.