New Delhi, March 21 -- The brokerage firm Ventura anticipates that Punjab National Bank (PNB) share price will increase by more than 70% over the next 18 months. They have begun coverage with a BUY recommendation and set a price target of Rs.161. The firm expects the asset quality to stay robust, with a gross non-performing asset (GNPA) ratio of 3.0% and a net non-performing asset (NNPA) ratio of 0.3%, supported by careful underwriting and recovery strategies, while the provision coverage ratio (PCR) is projected to hover around 90%.

According to the brokerage, the return on assets (ROA) is expected to stabilize at 0.9% (+40 bps), and the return on equity (ROE) is predicted to grow to 12.3% (+430 bps). The Tier I capital adequacy ratio (...