Punjab National Bank

Punjab National Bank Share Price

Punjab National Bank offers banking and financial services. Lala Lajpat Rai, Lala Harkishan Lal, and Dyal Singh Majithia founded it in Lahore on May 19, 1894. Following India's partition in 1947, PNB moved its headquarters to New Delhi. It went public in 1961 through an Initial Public Offering (IPO). Punjab National Bank share price NSE is available on BlinkX. You can check the PNB today's share rate.

As of June 2023, the Bank has 48,015 distribution channels, including 10,080 domestic branches, two international branches, 12,820 ATMs, and 25,115 Business Correspondents. In the first quarter of fiscal year 2024, the Pension Fund Regulatory and Development Authority awarded the bank the Atal Pension Yojana (APY) National Championship and the Annual Target Achievement Award. The bank received third place in the "National MSME Awards 2022," held in New Delhi as part of the Entrepreneur-India initiative.

Business Segments of Punjab National Bank

PNB has the following business segments.

• Credit Deployment and Delivery: The bank provides loans to corporate customers. In 2023, fresh corporate sanctions with external ratings of 'A' or above constituted a significant portion of the sanctions in this sector. The bank offers corporate loans in various industries like NBFCs, infrastructure, energy, and textiles. This may lead to growth in Punjab National Bank share price today. 
• Retail Credit: The bank offers loans to retail consumers in this industry. PNB offers affordable loans in various retail sectors such as home, auto loans, education, and personal loans. 
• MSME Loans: PNB provides loans to MSMEs, and the bank's disbursement in this category has grown in 2023. A good performance in this segment may possibly boost Punjab National Bank share price. So, you may set a Punjab National Bank share price target.
• PNB Gilts Limited: It trades government securities, treasury bills, and other non-SLR investments. PNB holds a 74.07% interest in the firm.
• PNB Investment Services Limited: It is a completely owned subsidiary of PNB that is focused on merchant banking.
• PNB Cards and Services Limited (PNBCSL): The 100% subsidiary provides non-financial support services for PNB's credit card business.

Key Personnel of Punjab National Bank

• The Managing Director of Punjab National Bank is Atul Kumar Goel.
• The executive director of the bank is Kalyan Kumar
• Pankaj Joshi is the non-official director. 

Punjab National Bank Management Outlook

• The bank has launched digital house and car loans, loans against securities (e-LAS), loans against bonds/debentures/shares/mutual funds/sovereign gold bonds, and digital education loans to improve service convenience and client experience.
• For the MSME category, the bank intends to launch e-GST Express and PM e-SVANidhi. People involved in agriculture would get e-NWR (e-godown), agri-gold loans, and farm value chain finance (FPO).
• The bank may attract high-net-worth people by offering wealth management services, which include investing, estate planning, and asset preservation solutions. This may have a good impact on PNB bank share price. You can find the live PNB share price today on BlinkX.