FrontPage is India's Stock Market Social Network
Join 50,000+ Traders and Investors

PNB

30.15
+0.9 (3.08%)
Updated 03:29 03/06 IST

PNB Buy or Sell - FrontPage Forums

2 Users have submitted 2 trade ideas of Rs. 954,615 for PNB
Disclaimer
100% Bullish
0% Bearish

PNB Ratings

Long term PNB rating by FrontPage users
3.6/5 (8 Ratings)
Find answers to all your questions on live PNB message board: Is PNB buy or sell? Should I buy PNB shares? Why are PNB shares falling? Should I invest in PNB stock?

PNB Share Price Discussion

Reputation: 3,089 • Today 5:16 AM
Share market update: Bank shares up; Bandhan Bank jumps 6%
The Nifty Bank index was trading 3.0 per cent up at 21146.1.
The Economic Times
Like
Reply

Type
Buy
Instrument
PNB JUN20 30 CE
Entry Price
₹2.15
Price@Trade
₹2.15
Target Price
₹8
Stop Price
₹0.05
Valid Till
Jun 25, 2020 3:20 AM
Margin
₹35,690 approx for 16600 Qty
Status
Exited
Exit Price
₹2.1
Net P&L
-₹830 (-2.33%)
Like
Reply (1)
Latest replies

Update
Exited
Exit Price
₹2.1
Net P&L
-₹830 (-2.33%)

Type
Buy
Instrument
PNB
Entry Price
₹29.3
Price@Trade
₹29.3
Target Price
₹44
Stop Price
₹21
Valid Till
Jun 2, 2021 3:20 AM
Margin
₹937,600 approx for 32000 Qty
Status
Active
Like
Reply

Type
Buy
Instrument
PNB
Entry Price
₹29.3
Price@Trade
₹29.35
Target Price
₹38
Stop Price
₹21
Valid Till
Jun 2, 2021 3:20 AM
Margin
₹29.3 approx for 1 Qty
Status
Exited before entry
Like
Reply (1)
Latest replies

Update
Exited before entry
Price @ Update
₹29.3

Type
Buy
Instrument
PNB JUN20 30 CE
Entry Price
₹2.05
Price@Trade
₹2.05
Target Price
₹6
Stop Price
₹0.2
Valid Till
Jun 25, 2020 3:20 AM
Margin
₹17,015 approx for 8300 Qty
Status
Active
Best Call... Free for all... For similar profit-earning trades subscribe...
Like
Reply

Type
Buy
Instrument
PNB JUN20 FUT
Entry Price
₹1.9  ₹2.05
Price@Trade
₹29.2
Target Price
₹6
Stop Price
₹0.2
Valid Till
Jun 25, 2020 3:20 AM
Margin
₹87,625.18 approx for 8300 Qty
Status
Exited before entry
Free Call
Like
Reply (2)
Latest replies

Update
Entry Price Modified
Price @ Update
₹29.35
Original Entry Price
₹1.9
New Entry Price
₹2.05

Update
Exited before entry
Price @ Update
₹29.35
Reputation: 3,089 • Jun 1 2:23 AM
PNB cuts repo-linked lending rate by 40 bps to 6.65%
The lender has cut its saving fund deposit rate by 50 bps with a maximum of 3.25 per cent, effective July 1, a release said.
Moneycontrol
Like
Reply
Reputation: 1,673 • May 31 8:56 AM

PNB- Stock was in serious downtrend since last 1 year & already much of capital is washed out from 84 levels. So presently only option left is to hold the stock & watchout for breakouts above 31. Retrac...
Read more...
1
Reply

Type
Buy
Instrument
PNB
Entry Price
₹27
Price@Trade
₹26.85
Target Price
₹36
Stop Price
₹24
Valid Till
May 28, 2021 3:20 AM
Margin
₹2,700 approx for 100 Qty
Status
Exited
Exit Price
₹29.35
Net P&L
+₹235 (+8.7%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
May 29 4:57 AM

Update
Trade Entered
Entry Price
₹27

Update
Exited
Exit Price
₹29.35
Net P&L
+₹235 (+8.7%)

Type
Buy
Instrument
PNB
Entry Price
₹27.5
Price@Trade
₹27.35
Target Price
₹34
Stop Price
₹24
Valid Till
Jun 26, 2020 3:20 AM
Margin
₹27.5 approx for 1 Qty
Status
Exited
Exit Price
₹29.35
Net P&L
+₹1.85 (+6.73%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
May 28 4:41 AM

Update
Trade Entered
Entry Price
₹27.5

Update
Exited
Exit Price
₹29.35
Net P&L
+₹1.85 (+6.73%)

Type
Buy
Instrument
PNB MAY20 FUT
Entry Price
₹27.75
Price@Trade
₹27.75
Target Price
₹35
Stop Price
₹24
Valid Till
May 28, 2020 3:20 AM
Margin
₹1,674,145.27 approx for 83000 Qty
Status
Exited
Exit Price
₹26.5
Net P&L
-₹103,750 (-6.2%)
1
Reply (1)
Latest replies

Update
Exited
Exit Price
₹26.5
Net P&L
-₹103,750 (-6.2%)
Punjab National Bank Stock News | शेयर में बड़ी गिरावट, 28 रुपये पर आया, खरीदने का मौका?
Is It Good to Invest During Lockdown: https://youtu.be/UVP8rmppJfU Punjab National Bank Latest News Punjab National Bank Share Update sensex, sensex today, n...
YouTube
Like
Reply
Reputation: 3,089 • May 14 1:23 AM
Looking at offering 15-20% staff WFH facility post-lockdown: Ashish Kumar Srivastava, PNB Metlife Insurance CEO
The coronavirus-induced lockdown has led to companies offering remote working facilities to employees.
Moneycontrol
Like
Reply

Type
Buy
Instrument
PNB
Entry Price
₹30.2
Price@Trade
₹30.25
Target Price
₹42
Stop Price
₹25
Valid Till
Jun 12, 2020 3:20 AM
Margin
₹30.2 approx for 1 Qty
Status
Exited
Exit Price
₹29.3
Net P&L
-₹0.9 (-2.98%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
May 14 3:40 AM

Update
Trade Entered
Entry Price
₹30.2

Update
Exited
Exit Price
₹29.3
Net P&L
-₹0.9 (-2.98%)
Reputation: 3,089 • May 6 4:33 AM
Have opened emergency credit line for MSMEs, eased working capital norms: PNB
The bank's MD and CEO SS Mallikarjuna Rao said in the backdrop of the nationwide lockdown, the bank has organised the webinar to address the liquidity requirement of its customers through the online platform.
Moneycontrol
Like
Reply
C
Reputation: -1,029 • May 6 6:05 AM
PNB MAY20 34 CE

Type
Buy
Instrument
PNB MAY20 34 CE
Entry Price
₹1
Price@Trade
₹1
Target Price
₹2
Stop Price
₹0.55
Valid Till
May 28, 2020 3:20 AM
Margin
₹8,300 approx for 8300 Qty
Status
Stoploss Hit
Exit Price
₹0.5
Net P&L
-₹4,150 (-50%)
Like
Reply (1)
Latest replies
TrackerBot @trackerbot
May 12 3:03 AM

Update
Stoploss Hit
Exit Price
₹0.5
Reputation: 3,089 • May 5 1:18 AM
SLBC fixes MSME disbursement target Rs 90,000 crore this fiscal
In the last fiscal the MSME disbursement target was Rs 74,000 crore.
Moneycontrol
Like
Reply
V
Reputation: -208 • May 5 7:23 AM
PNB MAY20 35 CE

Type
Buy
Instrument
PNB MAY20 35 CE
Entry Price
₹1.15
Price@Trade
₹1.05
Target Price
₹3.2
Stop Price
₹0.65
Valid Till
May 28, 2020 3:20 AM
Margin
₹9,545 approx for 8300 Qty
Status
Stoploss Hit
Exit Price
₹0.65
Net P&L
-₹4,150 (-43.48%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
May 13 2:47 AM

Update
Trade Entered
Entry Price
₹1.15
TrackerBot @trackerbot
May 13 2:59 AM

Update
Stoploss Hit
Exit Price
₹0.65
Reputation: 3,089 • Apr 30 9:58 AM
PSB merger: Insurance companies to see stake changes over next one year
Merged PSU bank stakes in insurance companies have to be reduced to below 10 percent to avoid violation of rules. IRDAI laws say that one bank cannot be a promoter in multiple insurance companies.
Moneycontrol
Like
Reply
PNB MAY20 35 CE

Type
Buy
Instrument
PNB MAY20 35 CE
Entry Price
₹2.3
Price@Trade
₹2.35
Target Price
₹9
Stop Price
₹1
Valid Till
May 28, 2020 3:20 AM
Margin
₹38,180 approx for 16600 Qty
Status
Stoploss Hit
Exit Price
₹1
Net P&L
-₹21,580 (-56.52%)
Like
Reply (2)
Latest replies
TrackerBot @trackerbot
Apr 30 3:46 AM

Update
Trade Entered
Entry Price
₹2.3
TrackerBot @trackerbot
May 5 4:54 AM

Update
Stoploss Hit
Exit Price
₹1
Reputation: 3,089 • Apr 28 3:23 AM
Nirav Modi set for remote extradition trial from May 11 in UK court
Two additional charges of "causing the disappearance of evidence" and intimidating witnesses or “criminal intimidation to cause death” were added on by the CBI and certified earlier this year.
Moneycontrol
Like
Reply

Call option of may 20 pnb 35ce
Buy at 1.7
target 4,5,6+++
Sl 1
Like
Reply
Reputation: 3,089 • Apr 17 10:03 AM
Nifty Bank jumps 7% after RBI relaxes NPA classification norms, lowers LCR
The liquidity coverage ratio is basically the amount of high quality assets, basically government backed securities, that are required to be maintained by the banks as a percentage to their total net cash outflows over the 30 days period.
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 15 2:03 AM
Nirav Modi's next extradition hearing in PNB fraud case on April 28
Modi's legal team and the Crown Prosecution Service (CPS), representing the Indian government in the extradition proceedings, held a “lawyers-only” case management hearing in the case earlier on Tuesday, ahead of a five-day trial scheduled between May 11 and 15.
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 14 11:03 AM
PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs
With the amalgamation coming to effect from the beginning of the current fiscal on April 1, 2020, PNB has now become the second largest bank in India.
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 12 10:23 AM
PNB to retain stake in two life insurance ventures as IRDAI gives nod
State-owned Punjab National Bank (PNB) will retain stake in two life insurance ventures as the lender has got permission from Insurance Regulatory and Development Authority of India (IRDAI).
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 8 3:13 AM
PSBs merger impact: IRDAI extends duration of existing bank-insurance partnerships by a year
Due to the merger, some banks have more than three insurance tie-ups in each category. A special exemption for one year has been given for these entities.
Moneycontrol
Like
Reply
PNB MAY20 FUT

Type
Buy
Instrument
PNB MAY20 FUT
Entry Price
₹30.3
Price@Trade
₹30.3
Target Price
₹100
Stop Price
₹0
Valid Till
May 28, 2020 3:20 AM
Margin
₹90,662.64 approx for 8300 Qty
Status
Exited
Exit Price
₹30.7
Net P&L
+₹3,318.25 (+3.66%)
Like
Reply (1)
Latest replies

Update
Exited
Exit Price
₹30.7
Net P&L
+₹3,318.25 (+3.66%)
Reputation: 3,089 • Apr 4 6:53 AM
RBI industrial outlook surveys confirm what bank NPA charts have been telling us for long
According to an RBI survey, consumer confidence, as measured by the current situation index, in early March 2020 remained broadly close to the all-time low.
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 2 12:43 PM
As curtains fall on six PSU banks, old-timers walk down the memory lane with a mix of nostalgia and grief
As six Indian public sector banks (PSBs), some of which have been in existence for over a century, ceased to exist on April 1 after their amalgamation with bigger PSBs, old timers are looking back at the halcyon days of these institutions wistfully.
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 2 3:03 AM
Exclusive: PNB expects Rs 5,000cr fresh slippages in Q4; COVID-19 to take a toll on asset quality, says MD&CEO Mallikarjuna Rao
PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 1 6:23 AM
All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches
The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.
Moneycontrol
Like
Reply
Reputation: 3,089 • Apr 1 3:53 AM
D-Street Buzz | Bank stocks suffer strong selloff; Nifty Bank index down 3%
Bank stocks are falling as investors fear that the lockdown triggered by COVID-19 will have a serious impact on businesses across the sectors and banks may see a rise in their bad loans due to this.
Moneycontrol
Like
Reply
Reputation: 3,089 • Mar 31 2:28 AM
PNB, IOB cut lending rates by 75 basis points
IOB also said it has reduced its one-year MCLR to 8.25 percent from 8.45 percent, effective from April 10.
Moneycontrol
Like
Reply
Reputation: 3,089 • Mar 30 9:28 AM
RBI changes SLBC convenors in view of bank mergers
The government on March 4 notified the amalgamation scheme as part of its consolidation plan to create bigger and stronger banks in the public sector.
Moneycontrol
Like
Reply
Reputation: 3,089 • Mar 30 8:33 AM
Punjab National Bank unveils new logo
The new logo will bear distinct signages of all the three public sector lenders.
Moneycontrol
Like
Reply

CARRIED: BUY PNB ABV 35.30
Like
Reply
Reputation: 3,089 • Mar 26 7:03 AM
Autos, financials among 7 sectors could see over 20% earnings downgrade: Jefferies
Sectors like F&B, hotels, tourism, and retail trade (~12% of India's GDP) sees a decline in the activity, said a Jefferies report.
Moneycontrol
Like
Reply
Reputation: 3,089 • Mar 23 12:03 PM
Nifty Bank index suffers biggest single-day loss; may continue correction toward 16,000 - 15,500 levels
The index underperformed the benchmark Nifty for the second consecutive session. The BSE Sensex dropped 3,935 points, or 13.15 percent, to record its worst-ever one-day decline in absolute terms.
Moneycontrol
Like
Reply
Reputation: 3,089 • Mar 23 2:18 AM
Nine stocks listed for F&O ban on March 23; what does SEBI circular mean for markets?
Effectively about 10-12% of the F&O stocks would be impacted. For most other stocks, even if MWPL are restricted, open interest is far lower to have any meaningful impact.
Moneycontrol
Like
Reply
Reputation: 3,089 • Mar 20 9:53 AM
RBI appoints additional directors to Yes Bank's board
Sunil Mehta, former non-executive chairman of Punjab National Bank, was appointed Non-Executive Chairman of Yes Bank, while Mahesh Krishnamurthy and Atul Bheda were appointed Non-Executive Directors to its board
Moneycontrol
Like
Reply
PNB MAR20 FUT

Type
Sell
Instrument
PNB MAR20 FUT
Entry Price
₹35.2
Price@Trade
₹35.2
Target Price
₹33
Stop Price
₹35.35
Valid Till
Mar 19, 2020 3:20 AM
Margin
₹109,963.71 approx for 8300 Qty
Status
Stoploss Hit
Exit Price
₹35.35
Net P&L
-₹1,242.59 (-1.13%)
Like
Reply (1)
Latest replies
TrackerBot @trackerbot
Mar 19 3:06 AM

Update
Stoploss Hit
Exit Price
₹35.35
Reputation: 3,089 • Mar 12 12:18 PM
Coronavirus wreaks havoc on D-Street, all sectoral indices end at multi-year lows
The Sensex crashed 3,204 points intraday, before closing 2,919.26 points down at 32,778.14, the lowest since December 6, 2017.
Moneycontrol
Like
Reply
#ENRICHANSRAJ_PANDEY in PNB
PNB MAR20 37 PE
New trade: Buy PNB MAR20 37 PE, CMP@1.35, Enter...

Hold pNB 37 PE. TILL EXPIRY
Like
Reply
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹39.65
Price@Trade
₹39.65
Target Price
₹100
Stop Price
₹20
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹77,466.02 approx for 8300 Qty
Status
Exited
Exit Price
₹36.1
Net P&L
-₹29,468.07 (-38.04%)
Like
Reply (1)
Latest replies

Update
Exited
Exit Price
₹36.1
Net P&L
-₹29,468.07 (-38.04%)
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹39.65
Price@Trade
₹39.65
Target Price
₹100
Stop Price
₹10
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹77,715.02 approx for 8300 Qty
Status
Exited
Exit Price
₹36.3
Net P&L
-₹27,806.43 (-35.78%)
Like
Reply (1)
Latest replies

Update
Exited
Exit Price
₹36.3
Net P&L
-₹27,806.43 (-35.78%)
PNB MAR20 37 PE

Type
Buy
Instrument
PNB MAR20 37 PE
Entry Price
₹1.4
Price@Trade
₹1.35
Target Price
₹4  ₹12
Stop Price
₹0.5
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹11,620 approx for 8300 Qty
Status
Exited
Exit Price
₹2.85
Net P&L
+₹12,034.83 (+103.57%)
Like
Reply (3)
Latest replies
TrackerBot @trackerbot
Mar 11 3:48 AM

Update
Trade Entered
Entry Price
₹1.4

Update
Target Extended
Price @ Update
₹1.95
Original Target
₹4
New Target
12.0

Update
Exited
Exit Price
₹2.85
Net P&L
+₹12,034.83 (+103.57%)
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹40.5
Price@Trade
₹40.5
Target Price
₹200
Stop Price
₹1
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹77,964.8 approx for 8300 Qty
Status
Exited
Exit Price
₹36.2
Net P&L
-₹35,692.29 (-45.78%)
Like
Reply (1)
Latest replies

Update
Exited
Exit Price
₹36.2
Net P&L
-₹35,692.29 (-45.78%)
Reputation: 5,849 • Mar 11 2:14 AM

Citi on PNB
Maintained ‘Sell’; cut price target to Rs 40 from Rs 59.
Like
Reply
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹40.2  ₹40.3
Price@Trade
₹40.45
Target Price
₹200
Stop Price
₹1
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹76,275.46 approx for 8300 Qty
Status
Exited
Exit Price
₹40.55
Net P&L
+₹2,074.69 (+2.72%)
Like
Reply (4)
Latest replies

Update
Entry Price Modified
Price @ Update
₹40.4
Original Entry Price
₹40.2
New Entry Price
₹40.4

Update
Entry Price Modified
Price @ Update
₹40.3
Original Entry Price
₹40.4
New Entry Price
₹40.3
TrackerBot @trackerbot
Mar 9 4:01 AM

Update
Trade Entered
Entry Price
₹40.3

Update
Exited
Exit Price
₹40.55
Net P&L
+₹2,074.69 (+2.72%)
Join FrontPage
FrontPage is India's favorite stock discussions community
Join 50,000 Indian traders and discuss trades, strategies, news & views on any stock.
  • PNB - Share Price - Fundamentals

    keyboard_arrow_down
    Market Capitalization26,349.45
    Enterprise Value700,637.42
    Price to Earnings24.29
    Price to Book Value0.7
    Return on Capital Employed0.02
    Return on Equity-0.33
    Face Value2
    Dividend YieldNA
  • PNB - Brokerage Reports

    keyboard_arrow_down
    DateBrokerageCallTarget
    6-Nov-19Prabhudas LilladherReduce57
    2-Aug-19SharekhanBuy85
    2-Aug-19Nirmal BangBuy73
    31-May-19Nirmal BangAccumulate92
    29-May-19Prabhudas LilladherReduce75
    PNB Brokerage Price Target
  • PNB Share Price - Historical (₹)

    keyboard_arrow_down
    DateOpenHighLowClose
    Jun 329.831.629.630.25
    Jun 229.329.728.629.25
    Jun 127.430.12729.2
    May 2926.6527.3526.3526.75
    May 2827.627.926.626.75
  • PNB Share Price - Daily Moving Averages (DMA)

    keyboard_arrow_down
    20 Day Moving Average₹28.25
    30 Day Moving Average₹29.15
    50 Day Moving Average₹30.7
    100 Day Moving Average₹42.66
    200 Day Moving Average₹52.83
  • PNB - Profit And Loss

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Revenue47,99647,275.990.02
    Operating Profit5,19425,768.02-0.8
    Profit Before Tax-19,5752,011.54-10.73
    Net Income-12,2831,324.8-10.27
  • PNB - Balance Sheet

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Shareholder's Funds37,39038,096.45-0.02
    Total Liabilities729,450682,726.580.07
    Total Assets766,840720,823.030.06
  • PNB - Cash Flow

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Cash from Operating Activity1,01212,497.05-0.92
    Cash from Investing Activity-1,288-527.181.44
    Cash from Financing Activity7,407738.699.03
    Net Cash Flow7,13012,708.56-0.44
  • PNB - Ratios

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17
    Return on Assets-0.02NA
    Return on Equity-0.330.03
    Return on Capital Employed0.020.05
  • PNB - 3 year Growth

    keyboard_arrow_down
    3 Year CAGR Growth in Revenue0.04
    3 Year CAGR Growth in Operating Profit-0.82
    3 Year CAGR Growth in EBIDTA-0.59
    3 Year CAGR Growth in Net Income-5.01
    3 Yr CAGR Growth - Diluted EPS-3.69
  • PNB - 5 year Growth

    keyboard_arrow_down
    5 Year CAGR Growth in Revenue0.15
    5 Year CAGR Growth in Operating Profit-0.82
    5 Year CAGR Growth in EBIDTA-0.58
    5 Year CAGR Growth in Net Income-3.59
    3 Yr CAGR Growth - Diluted EPS-1.33
  • PNB - Recent News

    keyboard_arrow_down
    NewsBot
    Today 5:16 AM
    Share market update: Bank shares up; Bandhan Bank jumps 6%
    The Economic Times
    NewsBot
    Jun 1 2:23 AM
    PNB cuts repo-linked lending rate by 40 bps to 6.65%
    Moneycontrol
    NewsBot
    May 14 1:23 AM
    Looking at offering 15-20% staff WFH facility post-lockdown: Ashish Kumar Srivastava, PNB Metlife Insurance CEO
    Moneycontrol
    NewsBot
    May 6 4:33 AM
    Have opened emergency credit line for MSMEs, eased working capital norms: PNB
    Moneycontrol
    NewsBot
    May 5 1:18 AM
    SLBC fixes MSME disbursement target Rs 90,000 crore this fiscal
    Moneycontrol
    NewsBot
    Apr 30 9:58 AM
    PSB merger: Insurance companies to see stake changes over next one year
    Moneycontrol
    NewsBot
    Apr 28 3:23 AM
    Nirav Modi set for remote extradition trial from May 11 in UK court
    Moneycontrol
    NewsBot
    Apr 17 10:03 AM
    Nifty Bank jumps 7% after RBI relaxes NPA classification norms, lowers LCR
    Moneycontrol
    NewsBot
    Apr 15 2:03 AM
    Nirav Modi's next extradition hearing in PNB fraud case on April 28
    Moneycontrol
    NewsBot
    Apr 14 11:03 AM
    PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs
    Moneycontrol
  • PNB - Related Communities

    keyboard_arrow_down
    Yes Bank Ltd. NSE: YESBANK | BSE: 532...
    State Bank of India NSE: SBIN | BSE: ...
    HDFC Bank Ltd. NSE: HDFCBANK | BSE: 5...
    ICICI Bank Ltd. NSE: ICICIBANK | BSE:...
    Axis Bank Ltd. NSE: AXISBANK | BSE: 5...
    Kotak Mahindra Bank Ltd. NSE: KOTAKBA...
    IndusInd Bank Ltd. NSE: INDUSINDBK | ...
    RBL Bank Ltd. NSE: RBLBANK | BSE: 540...
    Bank of Baroda NSE: BANKBARODA | BSE:...
  • PNB - More Information

    keyboard_arrow_down

    Punjab National Bank:
    Punjab National Bank is a well-known bank of India which provides financial services to its clients. The company provides services for almost every sector, be hat household loans or even international commercial loans.
    The company offers insurance services in case of any human-made and a few natural disasters. Further, the company helps in Mobile banking, e-banking, cardless transaction and various passbooks for various accounts.
    As recorded on March 31, 2019, it has a network of 6,989 branches and 9,255 ATMs in India. The company was established in 1895 and is headquartered at Delhi.
    About Company Information:
    Punjab National Bank was initially established at Lahore. It is the first bank to be established completely with Indian capital. In the year of 1969, the bank was nationalized.
    In 1993, they achieved the New Bank of India. In 1996, they designed a schemed which allowed the clients to derive funds from off- country schemes. They also set up an outlet in Kazakhstan. In 2000, they introduced the scheme of providing loans against immovable belonging of property, gold scheme loans and a credit card with collaboration with HSBC. In 2002, the Bank released its first IPO for 5, 30, 60,700 equity shares which reduced the governments holding in the bank. In 2002, they started a branch in Bangalore known as the MCD to provide credit limits to their corporate clients. They made joint ventures with both Infosys and CISCO for their huge investment
    In 2003, the Bank took over NBL. The bank invested in opening outlets in London, USA during this year and collaborated with Vijaya Bank for Life Insurance, Pensions and Asset Management business. They also made a venture with IL and FS for domestic loans.
    In 2004, the Bank attained the assets of Hindustan Transmission Product Ltd. They signed an agreement (ECGC). They signed MoU with Intel, ICICI bank and awarded a project to TCS. Branches were established in Kabul and Shanghai. The collaboration was made with Everest Bank in Nepal. In 2005, the Bank started an ATM at Edappal and a representative office in Dubai.
    In 2006, the Bank tied up MasterCard International for debit cards and Indian Airlines for the booking of tickets. In 2007, the Bank signed an MoU with IIFC. In 2008, PNB started commercial banking in Hong Kong. By 2008-09, collaboration with LÍC and Oriental Insurance occurred. In 2009, they launched their credit cards commercially with two types of credit cards, Gold and Classic. The same year, PNB entered into an agreement with Tata Motors.
    By 2009-10, the Bank established 524 domestic branches and 1400 ATMs. A representative office was established in Bhutan and Norway. They introduced the Corporate Credit Card. In 2009, the Bank introduced a subsidiary company called PNB Investment Services Ltd.in the same year; they signed a conjecture with FIM Bank (Malta), Banca IFIS, Italy and Blend Financial Services Ltd,
    The number of branches rose to 5189 at the end of March 2010. The bank opened a branch in Sydney in the same year. On January 12 2011, PNB bought PFG, Mauritius and U K Paints. On February 15 2011, PNB entered signed the agreement with Weizmann Forex Ltd., Mumbai under MTSS. On April 28 2011, PNB declared the allotment of 15.09 lakh equity share at issue price of Rs.1218.82 per capital share to the Government of India.
    On March 6 2013, PNB announced that it had received a lump-sum capital of Rs.1247.99 crore from the Government of India. The span of 2015 to 2017 saw the selling of stakes of various companies which were in collaboration with PNB. The directors kept in announcing the various deals and the selling of equity shares. This continued up to 2018.
    On February 12 2018, after an investigation, total fraud of Rs.11394.02 crore in case of illegal issuance of Letters of Undertakings, Foreign Letter of Credits and Inland Letter of Guarantees in the accounts of Nirav Modi Group and M/s Gitanjali Group and in the account of M/s. Chandri Paper & Allied Products Pvt. Ltd. The entire matter was reported to RBI. On February 26 2018, PNB reported that the fraud amount could increase by about USD 204.25 million.
    How Punjab National Bank, is categorised as Banks Sector, and Finance Industry :
    The Financial Industry is a section that leads the world in terms of equity market capitalization and earnings. The companies that are in the economic enterprise focus mainly on managing money, as their revenue is generated mostly by the sectors from mortgage and loans that gain value as interest rates rise. Also, this industry's economy is made up of institutions and firms that provide financial services to wholesale and retail customers.
    The main sectors that are into the Financial industry are,
    • Accounting and Bookkeeping.
    • Financial Markets and Planning.
    • Banking and General Financial Services.
    • Mortgage and Financial Broking.
    • Insurance and Superannuation.
    • Specialised Financial Services.
    Punjab National Bank comes under the Banking sector. The banking sector is one of the active areas in India, which makes a significant portion of the growth of a country’s GDP. The banking sector in India is of great importance in Asia and also throughout the World because of its steady performance in the market.
    Punjab National Bank, Competitors and Sector Peers:
    Allahabad Bank ALLABA
    Andhra Bank ANDBAN
    Bank of India BANOFI
    Bank of Maharashtra BANK5
    Canara Bank CANBAN
    Central Bank of India CENTRB
    Corporation Bank CORBAN
    IDBI Bank Ltd. INDDEV
    Indian Bank INDIBA
    Indian Overseas Bank INDOVE
    Oriental Bank of Commerce ORIBAN
    Punjab & Sind Bank PUNSI
    Punjab National Bank PUNNAT
    State Bank Of Bikaner and Jaipur [Merged] STABAN
    State Bank of India STATEB
    State Bank Of Mysore STATE3
    State Bank of Travancore [Merged] STATE6
    Syndicate Bank SYNBAN
    UCO Bank UCOBAN
    Union Bank of India UNIBAN
    United Bank of India UNITBA
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.

PrivacyTerms
FrontPage © 2020