Sticky deposit costs may delay NIM recovery
Despite repricing of high-cost deposits, incremental deposit rates remain elevated, potentially capping NIM improvement.
PUNJABNATIONALBANK / bear-case history
Track the concerns that keep returning.
Punjab National Bank · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
ECL provisioning impact on profitability
Analyst raised concern about ECL implementation from April 2027; management downplayed but did not quantify run-rate impact.
West Asia geopolitical stress on MSME/export accounts
Analyst asked about impact of Iran-USA-Israel conflict; management said no stress seen yet but remains vigilant.
MTM losses on AFS book due to bond yield volatility
AFS reserves declined due to market fall on March 26; management noted recovery post-quarter but risk remains.