Punjab National Bank Share Price (PNB)

PNB Stock Affected by Nifty PSU Index Drop and Legal Dispute - 16 Apr, 2024

Punjab National Bank's stock was affected by a drop in the Nifty PSU Bank index and a legal dispute involving one of its borrowers. Fitch has affirmed the bank's ratings while the Delhi High Court directed PNB and other lenders to release pledged shares of Jindal India Thermal Power Ltd.

PNB Reports Strong Q4 Results Despite Stock Slide - 08 Apr, 2024

Punjab National Bank (PNB) reports strong Q4 results with an 8.8% YoY growth in total business to Rs 23.56 lakh crore, driven by a 7% YoY increase in total deposits and 11.5% YoY increase in advances. However, PNB stock slides by 2.93% as Morgan Stanley maintains an underweight rating with a target price of Rs 70.

Punjab National Bank Reports Significant EPS Growth - 07 Apr, 2024

Punjab National Bank's EPS grew from ₹1.66 to ₹6.93 in one year, with revenue increasing by 56% to ₹369b. The CEO's reasonable pay suggests an absence of wasteful spending habits and a rosy future for the business.

PNB Reports Strong Growth in Advances and Deposits - 06 Apr, 2024

Punjab National Bank reported strong growth in total advances and deposits for Q4 FY24. The bank's standalone net profit also increased significantly from the previous year.

PNB Reports Strong Loan Growth and Increased Lending Rate - 05 Apr, 2024

Punjab National Bank (PNB) reported a strong 11.5% loan growth with total advances at Rs 8.84 lakh crore and total deposits at Rs 13.70 lakh crore as of March 31, 2023. PNB also increased its external benchmark-linked lending rate to 9.27% in December 2023 from an average of 7.42% in June 2022.

Punjab National Bank Stock Up for Fifth Straight Session - 04 Apr, 2024

Punjab National Bank stock is up 0.18% on the day, gaining around 4.39% in the last month. The PE of the stock is 21.4 based on TTM earnings ending December 23.

PNB Board Approves Fundraising Plan - 29 Mar, 2024

Punjab National Bank's board has approved a plan to raise up to Rs 10,000 crore through Basel III compliant bonds during the fiscal year 2024-25. The bank had earlier issued and allotted Basel III compliant additional Tier-I bonds at a coupon of 8.47% p.a. aggregating to Rs 1,859 crore on private placement basis.

Punjab National Bank Gains for Fifth Straight Session - 27 Mar, 2024

Punjab National Bank's stock continues to rise, gaining 0.16% to reach Rs 124.15 on the NSE. The bank has seen a 2.82% increase over the past month.

Punjab National Bank Stock Rises for Third Straight Session - 22 Mar, 2024

Punjab National Bank stock rose 1.45% to Rs 122.8 on the NSE, while Nifty Bank index is up 0.4%. The bank has dropped around 4.03% in the last month but gained 162.11% in the last year. The PE of the stock is 20.83 based on TTM earnings ending December 23.

Nifty Bank Records Longest Losing Streak in 23 Years, PNB Leads Decline - 20 Mar, 2024

The Nifty Bank fell for the ninth consecutive session, recording its longest losing streak in nearly 23 years. The index fell 3.5% over the period, with Punjab National Bank leading the decline.

PNB Plans Equity Raise Amid Positive Sentiment - 18 Mar, 2024

Punjab National Bank is planning an equity raise through qualified institutional placements or other permitted modes after receiving approval in EGM. The Centre has directed PSBs to submit their business plans till FY27 end of March, while Sharekhan recommends buying PNB with a target price of Rs. 140.