PNB rises on launching festival bonanza offer, waives processing fees on some loans

Punjab National Bank | Bank - Public | BFSI | BSE: 532461 | NSE: PNB

10 Sep 2020 Evaluate

Punjab National Bank is currently trading at Rs. 33.30, up by 0.40 points or 1.22% from its previous closing of Rs. 32.90 on the BSE.

The scrip opened at Rs. 33.20 and has touched a high and low of Rs. 33.40 and Rs. 33.20 respectively. So far 81617 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 69.60 on 04-Nov-2019 and a 52 week low of Rs. 26.30 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 34.20 and Rs. 32.55 respectively. The current market cap of the company is Rs. 30960.97 crore.

The promoters holding in the company stood at 85.59%, while Institutions and Non-Institutions held 7.78% and 6.64% respectively.

Punjab National Bank (PNB) has launched 'Festival Bonanza Offer' for its customers to give a push to subdued loan demand due to the COVID-19 crisis. Despite interest rates being the lowest in recent months, there is a moderation in credit growth. Under the 'Festival Bonanza Offer', the bank will waive all upfront or processing fees and documentation charges on some of its major retail products like housing loans and car loans. Customers can avail of the exciting offer – available till December 31, 2020 - through any of the PNB's 10,897 branches around the country or via digital channels.

To enhance the availability and affordability of credit to customers, the bank has also slashed the processing fees on fresh as well as takeover loans. On home loans, customers are now exempted from paying the processing fees i.e. 0.35 per cent of the loan amount, maximum Rs 15,000, besides the documentation charges. On car loans, customers can now save up to 0.25 per cent of the total loan amount, while on myProperty loans (loan against property), it could be up to Rs 1 lakh depending on the loan amount.

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.

PNB Share Price

107.20 -1.95 (-1.79%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
SBI	1019.55
PNB	107.20
Canara Bank	134.35
Bank Of Baroda	264.05
Union Bank Of India	166.15
View more..

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