Last 953.45 INR
Change Today -3.30 / -0.34%
Volume 1.2M
PNB On Other Exchanges
Natl India
As of 7:06 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

punjab national bank (PNB) Snapshot

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Day High
Day Low
52 Week High
05/26/14 - 1,068
52 Week Low
09/4/13 - 400.20
Market Cap
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Current Stock Chart for PUNJAB NATIONAL BANK (PNB)

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punjab national bank (PNB) Details

Punjab National Bank provides banking and financial products and services in India. The company offers personal banking products and services, including savings fund accounts, current accounts, and fixed deposit schemes; credit, debit, and travel cards; various credit schemes, such as housing loans, car and two wheeler finance, personal loans, professional loans, education loans, mortgage loans, reverse mortgages, and advances against gold and jewelry; capital gain account schemes; doorstep banking services; and nomination facilities. It also provides loans for micro and small enterprises, and finance for traders, as well as finance for professionally qualified medical practitioners and the service sector; agricultural banking products and services; social banking products and services; corporate banking products and services consisting of loans against future lease rentals, EXIM finance, and cash management services, as well as gold card schemes for exporters; and international banking products and services, such as deposit and loan products, NRI services, offshore banking services, helpdesk forex services, and world travel cards. The company’s financial services comprise life and non-life insurance services, mutual funds, merchant banking services, application supported by blocked amount services, and wealth management services. In addition, it provides Internet banking, SMS alert, ATM, and mobile banking services, as well as treasury services. As of March 31, 2014, the company operated a network of 6,201 branches, which included 5,636 general banking branches; 241 specialized Branches; 1 extension counter; and 323 service back offices, as well as 6,940 ATMs. Punjab National Bank was founded in 1895 and is headquartered in New Delhi, India.

65,541 Employees
Last Reported Date: 05/22/14
Founded in 1895

punjab national bank (PNB) Top Compensated Officers

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Executives, Board Directors

punjab national bank (PNB) Key Developments

Government Plans To Merge Public Sector Banks

Government is looking to make a merger of public sector banks. Government has asked IDBI Bank Limited (BSE:500116) and United Bank of India (BSE:533171) to prepare a consolidation plan of their merger. Sources said that Finance Ministry and state run banks are looking at other merger option. Government want to give a booster to the weaker entities and is also keen on knowing the blueprint keeping in mind human resource issues, geographical spread and technology platforms while merger. Dena Bank Ltd. (NSEI:DENABANK) may be allowed to merge with Punjab National Bank (BSE:532461), while Oriental Bank of Commerce (BSE:500315) may be headed for integration with Bank of India (NSEI:BANKINDIA). Although the proposals are only at preliminary discussion stage, Bank of Baroda (NSEI:BANKBARODA), Canara Bank Limited (BSE:532483) and Union Bank of India (BSE:532477) have been identified as potential acquirers for the weaker entities. Dena Bank, Allahabad Bank (BSE:532480) and UCO Bank (NSEI:UCOBANK) are also waiting for a helping hand. Sources also said that the merger of IDBI and United Bank would make a perfect sense. MS Raghvan, Chairman and Managing Director of IDBI said, "Nothing has emerged." United Bank executive said there were discussions but bank had not been asked to prepare a blueprint. Arundhati Bhattacharya, Chairman of State Bank of India (BSE:500112) could not be reached for comment but in a recent interview she had backed the idea of merger of subsidiaries.

Punjab National Bank Announces Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2014

Punjab National Bank announced unaudited standalone earnings results for the first quarter ended June 30, 2014. The Bank has posted a net profit of INR 14,051.20 million for the quarter ended June 30, 2014 as compared to INR 12,753.20 million for the quarter ended June 30, 2013. Total Income has increased from INR 117,465.90 million for the quarter ended June 30, 2013 to INR 128,251.30 million for the quarter ended June 30, 2014.

Punjab National Bank Denies Plans To Acquire Piece Of Bank In South India

Punjab National Bank (BSE:532461) denied plans to acquire a small piece of bank in South India. A news article in the Bloomberg earlier reported that Punjab National Bank was looking to acquire a small piece of bank in South. Punjab National Bank’s Chairman and Managing Director K.R. Kamath said: “I need to just ask with the Bloomberg then. We don't have absolutely any plan as of now.”


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