Punjab National Bank (PNB) is currently trading at Rs. 64.35, up by 1.55 points or 2.55% from its previous closing of Rs. 62.80 on the BSE.
The scrip opened at Rs. 63.30 and has touched a high and low of Rs. 64.50 and Rs. 63.30 respectively
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 99.90 on 01-Apr-2019 and a 52 week low of Rs. 55.70 on 11-Oct-2019.
Last one week high and low of the scrip stood at Rs. 65.35 and Rs. 62.55 respectively. The current market cap of the company is Rs. 42311.91 crore.
The promoters holding in the company stood at 75.41%, while Institutions and Non-Institutions held 15.69% and 8.91% respectively.
Punjab National Bank (PNB) has raised Rs 1,500 crore by issuing Basel III compliant bonds. The bank will use the funds for business expansion. The bank has issued and allotted Rs 1,500 crore Tier - II Basel III compliant capital bonds at a coupon of 8.15 per cent per annum on private placement basis. To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
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