Punjab National Bank (PNBK.NS)
21 Oct 2016
MUMBAI/SINGAPORE, Oct 18 India's PNB Housing Finance Ltd and Varun Beverages are looking to raise as much as $630 million combined from initial public offerings (IPOs) next week, underpinning a surge in first-time share sales in Asia's third-largest economy.
* Exec says net interest margin likely between 2.5 to 2.8 percent for fiscal year 2016/17
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07282016.pdf FACTORS TO WATCH 9:30 am: DIPP Secretary Ramesh Abhishek to speak at a tourism investors meet in New Delhi. 11:00 am: Monsoon session of parliament continues in New Delhi. 11:30 am: Punjab National Bank holds media conference after first quarter earnings in New Delhi. 12:30 pm: Power Minister Piyush Goyal at an event organized by Power
* Banks have seen a surge in bad loans after cbank's clean-up move
* Exec says impaired assets 17.55 percent of gross advances in March quarter
MUMBAI/NEW DELHI, May 18 India's Punjab National Bank reported a fourth-quarter net loss of 53.67 billion rupees ($802 million) as the nation's fourth-biggest state-run lender by assets set aside more funds to cover a jump in bad loans.