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Fitch ratings affirms ratings of Punjab National Bank

04 Dec 2020 Evaluate

Credit rating agency -- Fitch ratings has affirmed Punjab National Bank's (PNB) Long-Term Issuer Default Rating (IDR) at 'BBB-', with a Negative Outlook. The agency has also affirmed the bank's Viability Rating (VR) at 'b', Support Rating Floor at 'BBB-' and Support Rating at '2'.

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.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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