Punjab National Bank jumps on inking MoU with Indian Air Force
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Punjab National Bank is currently trading at Rs. 31.00, up by 1.05 points or 3.51% from its previous closing of Rs. 29.95 on the BSE.
The scrip opened at Rs. 30.15 and has touched a high and low of Rs. 31.05 and Rs. 30.05 respectively. So far 2453646 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. 28.05 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 31.05 and Rs. 28.75 respectively. The current market cap of the company is Rs. 34024.04 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 inked a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to provide specially designed products to the defence personnel under the bank’s flagship scheme of 'PNB Rakshak Plus'.
This scheme includes, inter alia, personal accidental insurance, air accidental insurance to serving, retired and trainees of the defence forces, central armed police forces, state police force, metro police and retired defence pensioners.
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.
