Jan 31, 2013, 12.49 PM | Source: Reuters
State-run lender Punjab National Bank on Thursday said it would cut its base rate by 25 basis points to 10.25 percent from February 9.
Earlier this week, the Reserve Bank of India cut the repo rate by 25 basis points to help support an economy set to post its slowest annual growth rate in a decade.
On Wednesday, the State Bank of India cut its base rate by 5 basis points.
PNB stock price
On June 24, 2016, Punjab National Bank closed at Rs 102.15, up Rs 2.90, or 2.92 percent. The 52-week high of the share was Rs 180.50 and the 52-week low was Rs 69.40.
The latest book value of the company is Rs 180.61 per share. At current value, the price-to-book value of the company was 0.57.
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