Jan 31, 2013, 12.49 PM IST | Source: Reuters

Punjab National Bank cuts base rate by 25 basis points

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.

Punjab National Bank cuts base rate by 25 basis points

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.

Ahead of industry in realising bad assets: SBI

PNB stock price

On April 17, 2014, Punjab National Bank closed at Rs 771.05, up Rs 6.70, or 0.88 percent. The 52-week high of the share was Rs 852.15 and the 52-week low was Rs 402.20.


The company's trailing 12-month (TTM) EPS was at Rs 101.28 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 7.61. The latest book value of the company is Rs 902.74 per share. At current value, the price-to-book value of the company is 0.85.

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