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14-Sep2018

PNB trades in green on the bourses

Punjab National Bank is currently trading at Rs. 82.55, up by 1.20 points or 1.48% from its previous closing of Rs. 81.35 on the BSE.

The scrip opened at Rs. 82.65 and has touched a high and low of Rs. 82.95 and Rs. 82.05 respectively. So far 609396 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.60 on 26-Oct-2017 and a 52 week low of Rs. 72.35 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 79.20 respectively. The current market cap of the company is Rs. 22774.73 crore.

The promoters holding in the company stood at 62.25%, while Institutions and Non-Institutions held 29.16% and 8.59% respectively.

Punjab National Bank (PNB) has put nearly two dozen non-performing accounts (NPAs) on sale to recover over Rs 1,320 crore.

The bank's Stressed Assets Targeted Resolution Action (SASTRA) Division, which is handling the sale of stressed assets to recover dues, has put on sale a total of 21 accounts which cumulatively owe PNB Rs 1,320.19 crore. The bank intends to place accounts for sale to ARCs/NBFCs/other banks/FIs etc, on terms and conditions stipulated in the bank's policy, in line with the regulatory guidelines.

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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