punjab national bank (Citi) 4Q11 Results: Stable Quarter though NIM Pressure Remains

4Q11 profits up 6% yoy, slightly below estimates; P&L: In-line, largely stable, though pressures remain; Balance Sheet: Aggressive loan growth, higher slippages; Strong balance sheet, but near-term pressures likely to constrain valuations
Date Rating Target Price Recommendation Price Broker house
4 May 2011 sell 1100 1118 Citi Report

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