Punjab National Bank Share Price – NSE /  BSE

Banks, Mid Cap

On quarter on quarter (QoQ) basis, the domestic deposits rose 4.2% in the December 2024 quarter from Rs 14,16,389 crore as of the September 2024 quarter.

The bank's domestic advances stood at Rs 10,61,852 crore in Q3 FY25, up 14.1% YoY and up 5% QoQ.

The banks’ global advances increased 15% to Rs 11,11,940 crore as of December 2024 as against Rs 9,67,256 crore as of December 2023 and up 4.7% from Rs 10,61,904 crore as of September 2024.

As on 31 December 2024, the bank’s global deposits was Rs 15,30,401 crore (up 15.6% YoY and up 4.9% QoQ).

The bank's global business stood at Rs 26,42,341 crore as of 31 December 2024, recording a growth of 15.3% YoY and 4.8% QoQ.

Global credit-deposit ratio declined to 72.66% in Q3 FY25 as against 73.08% recorded in Q3 FY24.

Punjab National Bank is engaged in Treasury Operations, Corporate/Wholesale Banking, Retail Banking, Digital Banking, and others. As of 30 September 2023, the Government of India held a 73.15% stake in the bank.

The public lender’s standalone net profit soared 145.1% to Rs 4,303.46 crore on a 17.2% rise in total income to Rs 34,447.10 crore in Q2 FY25 over Q2 FY24.

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Punjab National Bank announced the cessation of Atul Kumar Goel as the Managing Director & Chief Executive Officer of the Bank w.e.f. 01 January 2025 on his superannuation on 31 December 2024.

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Punjab National Bank announced that India Ratings and Research has affirmed the credit rating at IND AAA; Stable/ IND A1+ for all debt instruments.

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Punjab National Bank is up for a third straight session today. The stock is quoting at Rs 105.18, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 24168.6. The Sensex is at 79913.13, down 0.25%. Punjab National Bank has gained around 6.63% in last one month.

Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has gained around 1.71% in last one month and is currently quoting at 52207.5, down 0.14% on the day. The volume in the stock stood at 150.69 lakh shares today, compared to the daily average of 532.41 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 105.33, up 1.07% on the day. Punjab National Bank is up 33.9% in last one year as compared to a 21.51% jump in NIFTY and a 18.81% jump in the Nifty Bank index.

The PE of the stock is 9.35 based on TTM earnings ending September 24.

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