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PNB spurts on lowering home, car loans interest rates

04 Sep 2012 Evaluate

Punjab National Bank (PNB) is currently trading at Rs 677.30, up by 7.90 points or 1.18% from its previous closing of Rs 669.40 on the BSE.

The scrip opened at Rs 669.40 and has touched a high and low of Rs 681.05 and Rs 668.00 respectively. So far 49808 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1091.00 on 17-Feb-2012 and a 52 week low of Rs 659.00 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 686.00 and Rs 659.00 respectively. The current market cap of the company is Rs 22967.48 crore.

The promoters holding in the company stood at 56.10% while Institutions and Non-Institutions held 38.29% and 5.61% respectively.

Country’s public sector lender, Punjab National Bank (PNB), has decided to reduce interest rates on housing loans by 25 basis (bps) points. Following the revision, the new rates on housing loans shall be base rate (at present 10.50%) for loans upto less than Rs 75 lakhs and base rate plus 0.25% (at present 10.75%) for loans of Rs 75 lakh and above.

The rate of interest on car loans with tenure below 3 years has also been reduced by 50 bps. The new rate of interest on cars loans with tenure below 3 years shall be base rate plus 1.00% (at present 11.50%) and for car loans with tenure of 3 years and above shall be base rate plus 1.50% (at present 12.00%). The changes are with effective from September 3, 2012.

PNB Share Price

109.55 0.65 (0.60%)
18-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1042.85
PNB 109.55
Bank Of Baroda 283.10
Canara Bank 134.90
Union Bank Of India 176.15
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