The shares of Punjab National Bank (PNB) declined 3% to Rs 104 on the BSE on Friday after the public lender released its Q1 FY27 business update, reporting a 12.85% year-on-year (YoY) rise in global advances to Rs 12.75 lakh crore.
On Thursday, PNB released the business update, for the April-June quarter of the ongoing financial year 2027. While global advances grew around 13% YoY from Rs 11.30 lakh crore in the corresponding quarter of the previous financial year, sequentially they grew over 1% from Rs 12.59 lakh crore reported in the January-March quarter of FY26. Domestic advances meanwhile grew around 12% YoY to Rs 12.06 lakh crore.
