Punjab National Bank rises on planning to expand global footprint
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Punjab National Bank is currently trading at Rs. 126.70, up by 1.40 points or 1.12% from its previous closing of Rs. 125.30 on the BSE.
The scrip opened at Rs. 126.15 and has touched a high and low of Rs. 127.25 and Rs. 125.40 respectively. So far 571232 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.90 on 30-Apr-2024 and a 52 week low of Rs. 49.70 on 26-Jun-2023.
Last one week high and low of the scrip stood at Rs. 128.30 and Rs. 110.55 respectively. The current market cap of the company is Rs. 139950.01 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 17.18% and 9.67% respectively.
Punjab National Bank (PNB) is planning to open a representative office in Dubai, as part of plan to expand its global footprint. The bank has received the Board of directors’ approval for the same.
As on March 31, 2024, PNB had presence in six countries by way of two subsidiaries (London-UK and Bhutan), one joint venture (Nepal), two representative offices (Myanmar and Bangladesh)
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.
