Punjab National Bank (PNB) has approved a fund infusion to the tune of 1,285 crore through preferential issue of shares to the government. The board in its meeting approved issuance of shares of face value of Rs 10 each on preferential basis in favour of Government of India, aggregating to Rs 1,285 crore, subject to necessary approvals. The capital infusion would raise government's stake in the bank. At present, the Government of India holds 58 per cent stake in PNB. Last year, PNB got a capital infusion of Rs 184 crore from the government. In 2010-11, the government provided capital support to the tune of Rs 20,157 crore to public sector banks.
| Company Name | CMP |
|---|---|
| SBI | 1103.25 |
| PNB | 114.45 |
| Canara Bank | 145.00 |
| Bank Of Baroda | 283.80 |
| Union Bank Of India | 194.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: