Punjab National Bank surges on reporting 10% rise in global business during Q1FY25
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Punjab National Bank is currently trading at Rs. 122.25, up by 0.75 points or 0.62% from its previous closing of Rs. 121.50 on the BSE.
The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 123.90 and Rs. 122.10 respectively. So far 1850040 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. 57.56 on 07-Jul-2023.
Last one week high and low of the scrip stood at Rs. 123.90 and Rs. 119.95 respectively. The current market cap of the company is Rs. 135105.16 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’s (PNB) global business stood at Rs 24,41,882 crore (provisional) as of June 30, 2024 (Q1FY25), posting a 10.3% rise in year-on-year (YoY) terms against Rs 22,14,741 crore as of June 30, 2023. Global deposits grew 8.5% to Rs 14,08,282 crore (provisional) as of June 30, 2024, as compared to Rs 12,97,905 crore as of June 30, 2023.
Domestic deposits stood at Rs 13,69,954 crore (provisional) as of June 30, 2024, posting a 8.1% rise in year-on-year terms against Rs 12,67,002 crore as of June 30, 2023. Its Global Advances grew 12.7% to Rs 10,33,600 crore (provisional) as of Q1FY25, as compared to Rs 9,16,836 crore on a yearly basis. Domestic Advances stood at Rs 9,89,253 crore in Q1FY25.
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.
