PNB expects RBI rate hike to lift NIM by 7 bps

PNB expects RBI rate hike to lift NIM by 7 bps. Punjab National Bank anticipates a 7 basis point increase in net interest margin following the latest RBI rate hike. This should improve profitability as interest income rises on loans. The bank sees improved margin expansion in the upcoming quarter.
📊 STOCKS: $PNB | 🏢 SECTOR: Banking | #HIGHIMPACT #PNB