Punjab National Bank is currently trading at Rs. 39.85, up by 0.40 points or 1.01% from its previous closing of Rs. 39.45 on the BSE.
The scrip opened at Rs. 39.50 and has touched a high and low of Rs. 40.10 and Rs. 39.30 respectively. So far 1500864 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.50 on 12-Feb-2020 and a 52 week low of Rs. 26.30 on 29-Oct-2020
Last one week high and low of the scrip stood at Rs. 42.75 and Rs. 37.35 respectively. The current market cap of the company is Rs. 41334.46 crore.
The promoters holding in the company stood at 76.87%, while Institutions and Non-Institutions held 13.83% and 9.30% respectively.
Punjab National Bank (PNB) has signed a memorandum of understanding (MoU) Indian Oil Corporation (IOC) to provide up to Rs 2 crore to the oil company's dealers. The MoU would benefit dealers with credit facilities at lower interest rates, nil margin, and with minimum or zero collateral requirements through the PNB e-Dealer scheme.
Understanding the financial requirements and providing ease of banking services, PNB electronic dealer finance scheme is a tailormade credit lending product crafted for the Indian Oil dealers. The loan can be availed maximum up to Rs 2 crore with zero-margin.
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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