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punjab national bank

Headquartered in New Delhi, Punjab National Bank, abbreviated as PNB, is a state-owned commercial bank that commenced operations on April 12, 1985, from Lahore, Undivided India. It holds the distinction of being the first Swadeshi bank, managed by Indians and started with Indian capital. While the authorised capital was Rs 2,00,000, the working capital stood at Rs 20,000. PNB offers products in asset management, credit and debit card business, life and non-insurance business, amongst others. The bank also has overseas, international subsidiaries in Bhutan and the UK. In 1951, the bank acquired 39 branches of the Bharat bank. In its rich history, PNB has merged with/amalgamated 9 banks. Post the most recent amalgamation with Oriental Bank of Commerce and United Bank of India, which took place in 2020, PNB has expanded its presence across India. As of the end of September’ 2021, the bank has an aggregate of 36,514 delivery channels with a network of 10,528 domestic branches, 2 International branches, 13,506 ATMs More

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  • Buy Punjab National Bank; target of Rs 64: Sharekhan Nov 25, 2022 10:07 AM IST

    Buy Punjab National Bank; target of Rs 64: Sharekhan

    Sharekhan is bullish on Punjab National Bank has recommended buy rating on the stock with a target price of Rs 64 in its research report dated November 24, 2022.

  • PNB hits fresh 52-week high on DIPAM nod to sell UTI AMC stake Nov 25, 2022 09:51 AM IST

    PNB hits fresh 52-week high on DIPAM nod to sell UTI AMC stake

    PNB holds 15.22 percent stake in UTI AMC. The objective behind the stake sale is to realise gains on investment, the public sector lender said

  • Hold Punjab National Bank; target of Rs 52: Sharekhan Nov 13, 2022 10:00 PM IST

    Hold Punjab National Bank; target of Rs 52: Sharekhan

    Sharekhan recommended Hold rating on Punjab National Bank with a target price of Rs 52 in its research report dated November 09, 2022.

  • Neutral Punjab National Bank; target of Rs 40: Motilal Oswal Nov 03, 2022 08:51 PM IST

    Neutral Punjab National Bank; target of Rs 40: Motilal Oswal

    Motilal Oswal recommended Neutral rating on Punjab National Bank with a target price of Rs 40 in its research report dated November 02, 2022.

  • Will first bring down delinquency in corporate loans before restarting finance: PNB Housing MD & CEO Kousgi Oct 30, 2022 03:43 PM IST

    Will first bring down delinquency in corporate loans before restarting finance: PNB Housing MD & CEO Kousgi

    The housing finance company, promoted by state-owned Punjab National Bank (PNB), has been bringing down its corporate loan exposure over the last few years and has adopted a retail-first strategy to fuel growth.

  • NSE adds BHEL, Punjab National Bank to ban list for F&O expiry day Oct 27, 2022 06:35 AM IST

    NSE adds BHEL, Punjab National Bank to ban list for F&O expiry day

    Power equipment manufacturer BHEL is already in the F&O ban list, climbing more than 7 percent to Rs 71.1 on Tuesday.

  • Trade Spotlight | What should you do with BHEL, KEI Industries, Punjab National Bank on Thursday? Oct 27, 2022 06:21 AM IST

    Trade Spotlight | What should you do with BHEL, KEI Industries, Punjab National Bank on Thursday?

    Punjab National Bank shares have climbed 5 percent to Rs 43.3, their best closing since October 27, 2021, and formed a bullish candle on the daily charts but is it enough? Read on

  • Trade Spotlight | What should you do with BHEL, Punjab National Bank, TVS Motor on Wednesday? Oct 19, 2022 06:16 AM IST

    Trade Spotlight | What should you do with BHEL, Punjab National Bank, TVS Motor on Wednesday?

    TVS Motor Company was up 5 percent to end at record closing high of Rs 1,129 and formed strong bullish candle on the daily charts with above average volumes. On monthly basis, it has continued uptrend for ninth consecutive month, and formed decent bullish candlestick pattern on the monthly scale for seventh straight month.

  • NSE removes 2 stocks, adds 1 to F&O ban list for Friday Sep 23, 2022 07:20 AM IST

    NSE removes 2 stocks, adds 1 to F&O ban list for Friday

    Ambuja Cements, Can Fin Homes, Delta Corp and RBL Bank remained in the F&O ban list for yet another session on Friday.

  • Hold Punjab National Bank target of Rs 33: Sharekhan Aug 25, 2022 11:40 AM IST

    Hold Punjab National Bank target of Rs 33: Sharekhan

    Sharekhan recommended Hold rating on Punjab National Bank with a target price of Rs 33 in its research report dated July 29, 2022.

  • Neutral Punjab National Bank; target of Rs 30: Motilal Oswal Aug 25, 2022 11:26 AM IST

    Neutral Punjab National Bank; target of Rs 30: Motilal Oswal

    Motilal Oswal recommended Neutral rating on Punjab National Bank with a target price of Rs 30 in its research report dated May 12, 2022.

  • PNB launches pre-qualified credit card, overdraft facility against FD Aug 22, 2022 10:36 PM IST

    PNB launches pre-qualified credit card, overdraft facility against FD

    This facility will be available for salary account customers, and they shall be able to apply through the mobile banking app PNB One, website or Internet Banking Service (IBS)

  • PNB quarterly profit falls 70% YoY to Rs 308 crore Jul 28, 2022 08:18 PM IST

    PNB quarterly profit falls 70% YoY to Rs 308 crore

    The bank had posted a net profit of Rs 1,023.46 crore in the year-ago period. In the March quarter, the same stood at Rs 201.57 crore.

  • Punjab National Bank Q1 Net Profit may dip 31% YoY to Rs. 706.7 cr: Prabhudas Lilladher Jul 12, 2022 12:39 PM IST

    Punjab National Bank Q1 Net Profit may dip 31% YoY to Rs. 706.7 cr: Prabhudas Lilladher

    Net Interest Income (NII) is expected to increase by 4.7 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 7,569.6 crore, according to Prabhudas Lilladher.

  • Domestic housing sector set to grow in next 5 years: PNB Housing Finance Jul 03, 2022 05:10 PM IST

    Domestic housing sector set to grow in next 5 years: PNB Housing Finance

    India showed resilience and recovered quickly from the pandemic induced challenges, emerging as the fastest-growing economies in the world, Hardayal Prasad, Managing Director and CEO, PNB Housing Finance, said in his address to shareholders.

  • Meja Urja Nigam raises Rs 250 crore short-term loan from Punjab National Bank Jul 01, 2022 02:45 PM IST

    Meja Urja Nigam raises Rs 250 crore short-term loan from Punjab National Bank

    The amount will be utilised towards financing the existing loans, its Additional General Manager (AGM) Amit Rautela told PTI.

  • Punjab National Bank raises benchmark lending rate by 0.15%; EMIs to go up Jun 01, 2022 12:00 PM IST

    Punjab National Bank raises benchmark lending rate by 0.15%; EMIs to go up

    The new rates are effective from June 1, PNB said in a regulatory filing. The revision follows an off-cycle rate increase by the Reserve Bank in May.

  • NSE adds BHEL as fifth stock to F&O ban list for Monday May 23, 2022 06:24 AM IST

    NSE adds BHEL as fifth stock to F&O ban list for Monday

    During the ban, traders are not allowed to take fresh positions in stocks but can start reducing their positions. The ban helps reduce speculation in stocks.

  • Delta Corp joins Indiabulls Housing Finance, GNFC and PNB on NSE ban list for F&O trade today May 19, 2022 06:55 AM IST

    Delta Corp joins Indiabulls Housing Finance, GNFC and PNB on NSE ban list for F&O trade today

    Indiabulls Housing Finance, GNFC, and Punjab National Bank remained under the F&O ban list for Thursday as well.

  • NSE lists these 3 stocks, including GNFC, under F&O ban for Monday May 16, 2022 07:31 AM IST

    NSE lists these 3 stocks, including GNFC, under F&O ban for Monday

    During the ban, traders are not allowed to take fresh positions in stocks but can start reducing their positions. The F&O ban rule helps reduce speculation in stocks.

  • NSE picks PNB as second stock on F&O ban list for Friday May 13, 2022 06:53 AM IST

    NSE picks PNB as second stock on F&O ban list for Friday

    If derivative contracts in securities crossed 95 percent of the market-wide position limit, they end up on the ban list, the NSE said.

  • PNB share price dives 12% to 52-week low after disappointing Q4 performance May 12, 2022 12:34 PM IST

    PNB share price dives 12% to 52-week low after disappointing Q4 performance

    The total standalone income during the January-March quarter stood at Rs 21,095 crore, down from Rs 21,386 crore in the corresponding period last year.

  • PNB Q4 Results: Net profit declines 66% to Rs 202 crore, share prices fall 12% May 12, 2022 10:15 AM IST

    PNB Q4 Results: Net profit declines 66% to Rs 202 crore, share prices fall 12%

    For the entire fiscal 2021-22, the bank's standalone net profit rose to Rs 3,456.96 crore, compared to Rs 2,021.62 crore in FY21, according to a regulatory filing by PNB to the stock exchanges.

  • Punjab National Bank Q4 Net Profit seen up 97.9% YoY to Rs. 1,160.4 cr: Motilal Oswal Apr 11, 2022 02:39 PM IST

    Punjab National Bank Q4 Net Profit seen up 97.9% YoY to Rs. 1,160.4 cr: Motilal Oswal

    Net Interest Income (NII) is expected to increase by 17.1 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 8,125.6 crore, according to Motilal Oswal.

  • Trade Spotlight | What should you do with Tata Motors, PNB, L&T Finance Holdings on Friday? Feb 25, 2022 08:18 AM IST

    Trade Spotlight | What should you do with Tata Motors, PNB, L&T Finance Holdings on Friday?

    The short term structure of Punjab National Bank is still in to the down side and Rs 34 and Rs 35 would be the immediate resistance area for the Punjab National Bank. Blow the same, the chance of hitting Rs 29-27 would turn bright.