Punjab National Bank Share Price – NSE  /  BSE

Banks, Mid Cap

Punjab National Bank is up for a fifth straight session in a row. The stock is quoting at Rs 126.52, up 0.94% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.34% on the day, quoting at 23337.55. The Sensex is at 76691.49, up 0.26%. Punjab National Bank has risen around 2.78% in last one month.

Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has risen around 4.28% in last one month and is currently quoting at 49780.9, up 0.04% on the day. The volume in the stock stood at 153.72 lakh shares today, compared to the daily average of 491.6 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 125.65, up 1.17% on the day. Punjab National Bank is up 145.43% in last one year as compared to a 25.46% spurt in NIFTY and a 13.32% spurt in the Nifty Bank index.

The PE of the stock is 16.75 based on TTM earnings ending March 24.

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Punjab National Bank is up for a third straight session today. The stock is quoting at Rs 125.3, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 23226.9. The Sensex is at 76503.7, up 1.9%. Punjab National Bank has gained around 0.4% in last one month.

Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has gained around 3.92% in last one month and is currently quoting at 49291.9, up 1.24% on the day. The volume in the stock stood at 150.97 lakh shares today, compared to the daily average of 530.41 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 123.85, up 0.65% on the day. Punjab National Bank is up 141.19% in last one year as compared to a 24.64% jump in NIFTY and a 13.42% jump in the Nifty Bank index.

The PE of the stock is 16.54 based on TTM earnings ending March 24.

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The Board of Punjab National Bank at its meeting held on 04 June 2024 has accorded its approval for initiating the process of diluting 10.00% stake of the Bank in M/s Canara HSBC Life Insurance Company, an associate company of the Bank, by listing the Company in Stock Exchanges (BSE/NSE) through Initial Public Offer (IPO). The same shall be subject to regulatory approvals

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Total income grew by 18.67% year on year (YoY) to Rs 32,361.04 crore in the quarter ended 31 March 2024.

Operating profit stood at Rs 6,415.68 crore during the quarter, registering a growth of 9.36% on YoY basis.

For Q4 FY24, net interest income (NII) was at Rs 10,363 crore, up 9.1% YoY while net interest margin (NIM) reduced to 3.25 % as on 31 March 2024 as compared to 3.38% as of 31 March 2023.

On asset quality front, the bank's gross non-performing assets (GNPA) stood at 56,343.05 crore as on 31 March 2024 as against Rs 77,327.67 crore as on 31 March 2023.

Gross NPA declined to 5.73% as of 31 March 2024 as against 8.74% as on 31 March 2023. Net NPA reduced to 0.73% as on 31 March 2024 as compared to 2.72% as on 31 March 2023.

Provision coverage ratio improved to 87.9% as on March 2024 as against 70.8% as on March 2023.

CRAR increased to 15.97% as on March’24 from 15.50% as on March’23, registering an improvement of 47 bps.

Return on assets (ROA) & return on equity (ROE) of the bank for the quarter improved to 0.77% and 16.48% respectively.

Domestic advances grew by 10.9% YoY to Rs 9,42,391 crore as on 31 March 2024 as against Rs 849766 crore as on 31 March 2023. Domestic deposits stood at Rs 13,33,365 crore as on 31 March 2024, up by 6.5% YoY.

As on 31 March 2024, CASA deposits rose 2.7% YoY to Rs 5,52,499 crore while CASA share declined to 41.44% as on 31 March 2024 as compared to 42.98% as on 31 March 2023.

Meanwhile, the company’s board recommended dividend of Rs 1.50 per equity share for FY 2023-24, subject to approval of the shareholders.

Punjab National Bank is engaged in Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Digital Banking, Others.

The scrip declined 2.36% to settle at Rs 122.05 on the BSE.

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