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PNB surges on aiming business turnover of Rs 13,000 crore in Kerala

13 Apr 2012 Evaluate

Punjab National Bank is currently trading at Rs. 924.00, up by 11.50 points or 1.26% from its previous closing of Rs. 912.50 on the BSE.

The scrip opened at Rs. 916.25 and has touched a high and low of Rs. 926.00 and Rs. 915.60 respectively. So far 7488 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1234.00 on 26-Apr-2011 and a 52 week low of Rs. 751.10 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 934.40 and Rs. 891.00 respectively. The current market cap of the company is Rs. 31306.19 crore.

The promoters holding in the company stood at 58.00% while Institutions and Non-Institutions held 36.46% and 5.54% respectively.

Punjab National Bank (PNB), public sector lender is aiming a business turnover of Rs 13,000 crore in Kerala during the financial year of 2012-13. It had garnered a business volume of Rs 10,000 crore in the State. Of this, advances were of the order of Rs 6,000 core and deposits at Rs 4,000 crore.

The bank is also in the process of expanding its branch network in the state by opening 11 more branches in the current fiscal. At present, it has 141 branches and 149 ATMs. The new 11 branches will be located in Aroor, Maradu, Piravom, Karunagappally, Eerattupetta, Kothanelloor, Vaikom, Attingal, Varkala, Vizhinjam and Wadakkanchery. All these branches will be opened with ATM facility.

The bank is very aggressive in financing agriculture, educational loan and loan to SMEs. It had disbursed Rs 265 crore, Rs 109 crore and Rs 531 crore respectively in these sectors during 2011-12. The disbursement in housing and vehicle loans also registered a growth in 2011-12, touching Rs 366 crore.

PNB Share Price

114.70 0.60 (0.53%)
22-Apr-2026 14:57 View Price Chart
Peers
Company Name CMP
SBI 1103.50
PNB 114.70
Canara Bank 145.25
Bank Of Baroda 283.00
Union Bank Of India 193.70
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