Punjab National Bank shines on plan to open 500 new branches in current year

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

23 Oct 2012 Evaluate

Punjab National Bank is currently trading at Rs. 822.95, up by 3.20 points or 0.39% from its previous closing of Rs. 819.75 on the BSE.

The scrip opened at Rs. 820.05 and has touched a high and low of Rs. 827.95 and Rs. 818.40 respectively. So far 7,917 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. 835.85 and Rs. 808.45 respectively. The current market cap of the company is Rs. 27,912.00 crore.

The promoters holding in the company stood at 56.10% while Institutions and Non-Institutions held 38.00% and 5.90% respectively.

Punjab National Bank (PNB) is planning to open another 500 branches in the current year out of which about 22 would be included in Tamil Nadu and 10 in Tiruchirappali circle alone. Currently the bank has over 5,800 branches across the country.

PNB’s new venture ‘PNB Pragati’ is in the pilot stage after its August 2012 launch. Before December 2012, the bank will be converting 500 existing branches into PNB Pragati in metro and urban locations. PNB Pragati provides customers 24x7 service, includes withdrawal of cash, deposit of cash and cheque and updation and printing of passbooks in specially installed machines and trained staff at venue of the branches.

The bank’s net non performing asset (NPA) stood at 3.34% and Capital Adequacy Ratio (CAR) at 13%, as of June 2012. It has a customer base of around 17 million. The bank will recruit about 6,000 to 8,000 personnel each year for the next few years.

PNB Share Price

105.80 0.60 (0.57%)

17-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
State Bank Of India	1044.10
PNB	105.80
Bank Of Baroda	246.65
Canara Bank	125.05
Union Bank Of India	168.55
View more..

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