Punjab national bank share price

Friends, in this post, we are going to talk about the share price target for Punjab National Bank (PNB) in 2023, 2024, 2025, 2026, 2027, 2028, and 2030. This is the second-largest public sector bank in India, both in terms of its business volumes and its network. PNB serves over 180 million customers and has 12,248 branches and 13,000+ ATMs. Table of Contents • • • • • • • • • • • • • • • • • • • About Punjab National Bank (PNB Bank) The bank was established in May 1894 in the spirit of nationalism and was the first Swadeshi bank purely managed by Indians with Indian capital. During the entire history of the Punjab National Bank, nine banks have been merged. PNB is the second-largest public sector bank (PSB) in the country, with a global gross business of ₹ 20,23,713 crore. If you want to learn more about Punjab National Bank, visit their website at PNB Financials Particulars FY 2021-22 FY 2020-21 FY 2019-20 FY 2018-19 FY 2017-18 Total Income 88,339.49 94,990.85 64,306.13 59,514.51 57,608.19 Total Income Growth (%) (7.00) 47.72 8.05 3.31 0.67 Provisions & Contingencies 17,349.68 21,518.07 14,794.83 23,196.01 23,019.55 Provisions & Contingencies Growth (%) (19.37) 45.44 (36.22) 0.77 63.51 Profit after Tax (PAT) 3,860.74 2,561.97 438.45 (9,570.12) (12,130.06) PAT Growth (%) 70.78 492.40 – – (1,496.51) Net Interest Margin (%) 2.19 2.42 2.10 2.21 1.95 Net Profit Margin (%) 5.06 3.12 0.79 (18.35) (24.89) Basic EPS (₹) 3.53 2.64 0.80 (29.68) (54.71) (All figures in ₹ Crore, unle...

The current financial year will be "a golden year" for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders. "The strategy relies on increasing market share, which includes boosting both CASA (Current Account Savings Account) share and increasing credit offtake, especially in the RAM (Retail, Agriculture and MSME) segment; improving asset quality through increasing the rate of recoveries, minimising slippages, robust monitoring of special accounts to prevent their movement to the delinquent category and enhanced collections efficiency," he said. Besides, as per the annual report, the bank will focus on accelerating digital transformation with an emphasis on leveraging digitisation to procure more business, thrust on customer centricity through the rendering of enhanced customer service and superior customer experience and affect the employee-centric transformation to enhance efficiency and productivity of the workforce.

Reuters India asks Myanmar to expedite trade through rupee: exporters' body India has urged Myanmar's administration to speed up the process of trade settlements through mutual currencies, a mechanism that was earlier agreed, an exporters' body official said on Monday. A delegation of Indian exporters met Myanmar's trade minister U.Aung Naign Oo, who is on a visit to India, in the eastern city of Kolkata and raised the issue. "Myanmar's minister has assured the new mechanism would soon be operational," P.K. Shah, former chairman of the Engineering Export Promotion Council, told Reuters after the meeting. Reuters Indian lender PNB has 70 billion rupees exposure to Adani Group -MD India's Punjab National Bank has a total exposure of 70 billion rupees ($859.30 million) to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday. Last week, U.S. short-seller Hindenburg Research flagged concerns about Adani Group's debt levels and the use of tax havens. Adani Group has said that it complies with all local laws and has made the necessary regulatory disclosures.

NEW DELHI: State-owned At the current market price, PNB would raise up to Rs 780 crore from the scheme. The bank proposes to issue and allot up to 15 crore new equity shares of the face value of Rs 2 each, ranking pari passu with the existing equity shares for all purposes and in all respects, including payment of dividend, under an ESPS in one or more tranches, PNB said in a notice regarding the annual general meeting. The meeting will be held on June 30, according to the bank. PNB-ESPS would be issued at such price or prices, and on such terms and conditions as may be deemed appropriate by the board in such a way that the government shareholding does not come below 52 per cent. The government holding in the bank stood at 73.15 per cent as on March 31, 2023. In 2018, the bank raised Rs 500 crore from its employees under the staff stock purchase scheme. As part of the scheme, the bank issued up to 10 crore new equity shares to its employees at a discounted price of Rs 53.95 per share.

Punjab National Bank operates as a commercial bank. It operates through the following segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment includes the entire investment portfolio and trading in foreign exchange and derivative contracts. The Corporate/Wholesale Banking segment is comprised of the lending activities of borrowers having exposure of 7.50 Crores and above. The Retail Banking segment encompasses borrower accounts having exposure of less than 7.50 Crores. Its products include personal, corporate, international, and capital services. The company was founded by Punjab Keshari Lala Lajpat Rai on April 12, 1895 and is headquartered in New Delhi, India. Focus On: 1. Always keeping your Risk Management in play 2. Using a Stop Loss; because it is your Best Friend 3. Always Plan your Trade and stick to your Plan 4. Dont overthink or overanalyse 5. Treat this as your Business and get serious about it Focus On: 1. Always keeping your Risk Management in play 2. Using a Stop Loss; because it is your Best Friend 3. Always Plan your Trade and stick to your Plan 4. Dont overthink or overanalyse 5. Treat this as your Business and get serious about it PNB formed this beautiful symmetrical Traingle. .. yes it might correct till 50 or 48, but this correction will be exit all weaker hands.. Stage is set for clear run-up till 62....... and then will review further. Don't buy in options -- huge lot size and script often g...

The current financial year will be "a golden year" for "The strategy relies on increasing market share, which includes boosting both CASA (Current Account Savings Account) share and increasing credit offtake, especially in the RAM (Retail, Agriculture and MSME) segment; improving asset quality through increasing the rate of recoveries, minimising slippages, robust monitoring of special accounts to prevent their movement to the delinquent category and enhanced collections efficiency," he said. Besides, as per the annual report, the bank will focus on accelerating digital transformation with an emphasis on leveraging digitisation to procure more business, thrust on customer centricity through the rendering of enhanced customer service and superior customer experience and affect the employee-centric transformation to enhance efficiency and productivity of the workforce. During 2022-23 the bank initiated more than 35 digital journeys, including different RAM segments and opening new accounts under CASA through Tab banking to reduce turnaround time. "FY 2023-24 will be a golden year for your bank, and with the right strategy, steady focus and clear vision, your bank will definitely scale up its performance and generate more value and returns to all its stakeholders," Goel said. The bank posted a net interest income of Rs 34,492 crore, with a growth of 20.2 per cent on an annual basis. The net interest margin increased by 35 basis points to 3.06 per cent, the return on assets st...