Experts suggest Jana SFB and Ujjivan SFB may bypass the promoter ring-fencing requirement for universal bank licenses, unlike AU SFB. Jana already has a listed holding company, while Ujjivan is fully publicly held after a reverse merger. This transition offers benefits like reduced capital adequacy and priority sector lending targets, enhancing their branding and deposit mobilization.
PNB shares jump 8% after Q2 results beat estimates; Jefferies, Motilal Oswal, others raise target prices
Punjab National Bank shares rose sharply on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore. Stronger