PSU bank Q2 business growth and share rally
Bank of India reported 21% year-on-year growth in global business to ₹18.9 lakh crore and 20% growth in advances. PNB’s global business rose 11.95%, and shares of both banks gained after the Q2 updates.
Timeline
Monday, 5 October
- PSU banks in focus; Bank of India, PNB, Indian Bank, IOB rally up to 4%
Nifty PSU Bank index gained 2%, versus a 0.44% rise in the Nifty 50 at 10:23 AM Monday
- Q2 Update Impact: Bank of India, PNB Share Price Jumps Up To 4.5%
Bank of India’s global business grew 21.07% year on year; PNB’s rose 11.95%
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Saturday, 3 October
- Bank of India Q2 Update: Global Business Nears Rs 19 Lakh Crore, Advances Up 20%
Bank of India’s global business rose 21% year-on-year to Rs 18.9 lakh crore
