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Punjab National Bank gains on inking MoU with ICRA to rate SSI, SME borrowers

26 Dec 2013 Evaluate

Punjab National Bank is currently trading at Rs. 638.75, up by 3.65 points or 0.57% from its previous closing of Rs. 635.10 on the BSE.

The scrip opened at Rs. 634.50 and has touched a high and low of Rs. 644.40 and Rs. 631.10 respectively. So far 65271 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 922.10 on 31-Jan-2013 and a 52 week low of Rs. 402.20 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 644.40 and Rs. 562.75 respectively. The current market cap of the company is Rs. 22541.00 crore.

The promoters holding in the company stood at 57.87% while Institutions and Non-Institutions held 36.23% and 5.89% respectively.

Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with credit rating agency ICRA under which the rating agency will assign ratings to Small Enterprises (SEs)/Small Scale Industries (SSIs) and Small and Medium Enterprises (SMEs) that are borrowers of the bank.

The MoU between ICRA and PNB seeks to deliver a number of benefits to the bank as well its borrowers. For PNB, ICRA ratings would serve as an objective and scientific input in decision making, and provide assistance in risk pricing, besides acting as an input in the setting of collateral requirements for borrowers, and facilitating future deals involving collateralized bond and loan obligations (CBOs and CLOs).

As for PNB’s borrowers, they would be able to obtain ICRA ratings at a relatively low cost. An ICRA rating may also place the rated entity in a superior position to possibly obtain competitive credit terms from PNB and the benefit of faster loan processing. 

PNB Share Price

110.75 -0.95 (-0.85%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1063.20
PNB 110.75
Canara Bank 138.90
Bank Of Baroda 275.85
Union Bank Of India 184.70
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