PNB Shares Drop 2.5% Amid Citi Downgrade Alert

  Published 11 months ago

PNB shares fall 2.5% as Citi cites weak Q1FY26 loan/deposit growth, forecasts NII/NIM declines; maintains 'sell' rating with 101 PT.

  • Citi downgrades PNB to 'sell' due to lower-than-expected Q1FY26 loan/deposit growth and NII/NIM forecasts.
  • Brokerage predicts 2% Q/Q NII drop and a 12 bps NIM decline from higher rate, linked loans.
  • 16 analysts rate PNB 'hold'; median PT 107.5 vs Citi’s 101 target, 11.1% downside.
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