Company Overview
Starting in 1895, Lahore was the first Indian Bank solely started with Indian capital alive, which has survived till date. It is currently present across India with more than 3.5 cr customers. The bank also enjoys the largest network of rural and semi-urban branches. Out of the total 4540 branches, 2/3 are in Semi-Urban and Rural areas.
Just like any other bank, PNB also gives a wide variety of products and services from Retail and Wholesale banking. Personal Banking, Project Finance, Debit Cards, and credit card. HOME LOAN, agriculture loans. The bank also holds a 30% stake in PNB-Metlife. With destimony Enterprise Private Limited. The bank is also maintaining a High CASA among PSU banks, which is one of the reasons for its success.
Financials and Ratio
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Future Prospects: Not so good capital adequacy for continuously increasing Net NPA but well-maintained efficiency, Not so good ROA since last few years, decline in Dividends. In short, even though it is a vast bank, NPA is a big issue. Though management is doing everything to collect, the recession and some other problems are not permitted. The stake sale will be good as The company holds a stake in some good companies, and RBI policies are helping them.
It looks like the worst is behind them.
Benefits of a merger, Nirav Modi arrest, definitely now this looking better.
