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.
State-run lender Punjab National Bank
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 January 27, 2015, Punjab National Bank closed at Rs 204.80, down Rs 2.4, or 1.16 percent. The 52-week high of the share was Rs 1135.60 and the 52-week low was Rs 199.80.
The company's trailing 12-month (TTM) EPS was at Rs 19.57 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 10.46. The latest book value of the company is Rs 198.28 per share. At current value, the price-to-book value of the company is 1.03.
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Rate cut no reason to buy realty; like autos, banks: Emkay