Company Profile

PUNJAB NATIONAL BANK

NSE : PNBBSE : 532461ISIN CODE : INE160A01022Industry : Bank - PublicHouse : PSU
BSE33.802.8 (+9.03 % )
PREV CLOSE (Rs.) 31.00
OPEN PRICE (Rs.) 31.30
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 4454042
TODAY'S LOW / HIGH (Rs.)31.30 34.10
52 WK LOW / HIGH (Rs.)26.3 83.35
NSE33.75 2.75 (+8.87 % )
PREV CLOSE(Rs.) 31.00
OPEN PRICE (Rs.) 31.50
BID PRICE (QTY) 33.75 (268214 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 96121246
TODAY'S LOW / HIGH(Rs.) 31.40 34.10
52 WK LOW / HIGH (Rs.)26.3 83.4

Company News

Date Heading Details
04-Jun-2020 Moody's affirms PNB's long-term local, foreign currency deposit rating <P align=justify>Moody's Investor Service has affirmed Punjab National Bank's (PNB) long-term local and foreign currency deposit ratings at Ba1 and its Baseline Credit Assessment (BCA) at b1. The rating outlook has been changed to stable from positive.<P align=justify>PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
04-Jun-2020 PNB inches up on the BSE <p align="justify">Punjab National Bank is currently trading at Rs. 31.65, up by 1.40 points or 4.63% from its previous closing of Rs. 30.25 on the BSE.</p><p align="justify">The scrip opened at Rs. 30.15 and has touched a high and low of Rs. 32.65 and Rs. 29.90 respectively. So far 4563605 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 83.35 on 05-Jun-2019 and a 52 week low of Rs. 26.30 on 20-May-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 32.65 and Rs. 26.35 respectively. The current market cap of the company is Rs. 29737.59 crore.</p><p align="justify">The promoters holding in the company stood at 83.19%, while Institutions and Non-Institutions held 10.00% and 6.80% respectively.</p><p align="justify">Moody's Investor Service has affirmed Punjab National Bank's (PNB) long-term local and foreign currency deposit ratings at Ba1 and its Baseline Credit Assessment (BCA) at b1. The rating outlook has been changed to stable from positive.</p><p align="justify">PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.</p>
02-Jun-2020 Punjab National Bank reduces MCLRs <p align="justify">Punjab National Bank (PNB) has reduced its marginal cost of funds based lending rates (MCLRs) with effect from June 01, 2020. With this, the one year MCLR now stands at 7.60% per annum (p.a.) from 7.75% p.a. earlier.</p><p align="justify">The Bank has also slashed the overnight, 1 month, 3 month and 6 month MCLR to 7.05% p.a., 7.05% p.a., 7.20% p.a. and 7.40% p.a. respectively. Moreover, 3 years MCLR has also been lowered to 7.85% p.a.</p><p align="justify">PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.<br></p>
31-Mar-2020 Punjab National Bank unveils new logo ahead of merger <div align="justify">Punjab National Bank (PNB) has unveiled a new logo ahead of a merger with United Bank of India and Oriental Bank of Commerce (OBC) with effect from April 1, 2020. The new logo will bear distinct signages of all the three public sector lenders. With this, PNB is set to become the second-largest lender in the country.</div><div align="justify"><br>PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.<br></div>
19-Mar-2020 Outcome Of Board Meeting - Amalgamation Of Oriental Bank Of Commerce And United Bank Of India Into Punjab National Bank Outcome of Board Meeting - Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
19-Mar-2020 Outcome Of Board Meeting - Amalgamation Of Oriental Bank Of Commerce And United Bank Of India Into Punjab National Bank Outcome of Board Meeting - Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
19-Mar-2020 Amalgamation Outcome of Board Meeting - Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
05-Mar-2020 Amalgamation Inter alia, has approved the amalgamation of Oriental Bank of Commerce and United Bank of India (Transferor Banks) into Punjab National Bank (Transferee Bank): 1. Share Exchange Ratio, subject to statutory / regulatory approvals: a) 1150 equity shares of Rs. 2/- each of PNB for every 1000 equity shares of Rs. 10/- each of Oriental Bank of Commerce. b) 121 equity shares of Rs. 2/- each of PNB for every 1000 equity shares of Rs. 10/- each of United Bank of India. In terms of sub para (6) of para 6 of Scheme of Amalgamation notified by Government of India (copy enclosed) a Grievance Redressal Committee headed by Shri Vijay Kumar Vyas, retired judge of Rajasthan High Court, has been set up to address the grievances of shareholders (those shareholders who either (a) individually or collectively hold at least 1 % (one per cent) of the total paid up equity capital of any of Punjab National Bank, Oriental Bank of Commerce or United Bank of India; or (b) are 100 (one hundred) shareholders acting collectively, of any of Punjab National Bank, Oriental Bank of Commerce or United Bank of India).
04-Feb-2020 PNB receives nod to raise Rs 1,000 crore via Bonds <p align="justify">Punjab National Bank (PNB) has received approval for raising funds amounting up to Rs 1,000 crore through issuance of Basel-III compliant Tier-II Bonds in one or more tranches. The Board of Directors of the Bank at its meeting held on February 03, 2020 has approved the same.<br></p><p align="justify">PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.<br></p>