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Punjab National Bank falls as RBI imposes monetary penalty of 10 million

15 Feb 2019 Evaluate

Punjab National Bank is currently trading at Rs. 69.90, down by 2.35 points or 3.25% from its previous closing of Rs. 72.25 on the BSE.

The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 73.10 and Rs. 69.75 respectively. So far 849227 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 139.70 on 15-Feb-2018 and a 52 week low of Rs. 58.65 on 28-Sep-2018.

Last one week high and low of the scrip stood at Rs. 73.10 and Rs. 68.70 respectively. The current market cap of the company is Rs. 27127.15 crore.

The promoters holding in the company stood at 70.22%, while Institutions and Non-Institutions held 19.40% and 10.38% respectively.

The Reserve Bank of India (RBI) has imposed a monetary penalty of 10 million on Punjab National Bank for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, and on restructuring of accounts.

This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the above bank to adhere to the aforesaid directions issued by RBI.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with their customers.

Punjab National Bank 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.


PNB Share Price

112.80 -1.85 (-1.61%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1094.10
PNB 112.80
Canara Bank 140.90
Bank Of Baroda 276.05
Union Bank Of India 179.65
View more..

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