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Punjab National Bank looking to further dilute its stake in UTI Mutual Fund

28 Jan 2022 Evaluate

Punjab National Bank (PNB) is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base. The bank has categorised non-core assets into two heads -- real estate and investment assets.

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 991.10
PNB 116.60
Bank Of Baroda 234.50
Canara Bank 122.85
Union Bank Of India 177.60
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