PNB surges on earning over Rs 645 crore through ATM transaction charges in FY22
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Punjab National Bank is currently trading at Rs. 30.45, up by 0.50 points or 1.67% from its previous closing of Rs. 29.95 on the BSE.
The scrip opened at Rs. 30.20 and has touched a high and low of Rs. 30.55 and Rs. 29.90 respectively. So far 1750246 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 47.60 on 26-Oct-2021 and a 52 week low of Rs. 28.50 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 30.55 and Rs. 28.70 respectively. The current market cap of the company is Rs. 33418.43 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 12.96% and 13.89% respectively.
Punjab National Bank (PNB) has earned over Rs 645 crore by levying ATM transaction charges on customers during the financial year 2021-22. Besides, the bank has collected Rs 239.09 crore in the form of the penalty imposed on customers who failed to maintain a minimum balance or quarterly/monthly average balance in their bank accounts.
In 2020-21, the bank had earned Rs 170 crore by levying charges on customers for not maintaining a minimum balance in their accounts. This amount was collected from 8,518,953 accounts during FY22.
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.
