PNB.BO - Punjab National Bank

BSE - BSE Real Time Price. Currency in INR
87.80
-0.60 (-0.68%)
As of 11:48AM IST. Market open.
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Previous close88.40
Open88.65
Bid87.65 x 0
Ask87.65 x 0
Day's range87.55 - 89.65
52-week range74.30 - 231.60
Volume578,467
Avg. volume1,842,884
Market cap242.378B
Beta2.51
PE ratio (TTM)N/A
EPS (TTM)-54.71
Earnings date31 Jul 2018 - 4 Aug 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2015-06-22
1y target est122.14
  • PNB fraud: Hackers access e-mails of CBI Joint Director Rajiv Singh who oversaw Nirav Modi probe, says report
    Firstpost20 hours ago

    PNB fraud: Hackers access e-mails of CBI Joint Director Rajiv Singh who oversaw Nirav Modi probe, says report

    Rajiv Singh's computer has reportedly been seized and the state cyber-crime unit is probing the matter

  • PNB board approves ESOP scheme of up to 10 cr shares
    Moneycontrol4 days ago

    PNB board approves ESOP scheme of up to 10 cr shares

    The nomination and remuneration committee will decide all the matters and formulation of the ESPS scheme.

  • Bank frauds: Govt holds meeting with investigative agencies to draw plan to stop financial defaulters going abroad
    Firstpost4 days ago

    Bank frauds: Govt holds meeting with investigative agencies to draw plan to stop financial defaulters going abroad

    A detailed discussion was held on to chalk out coordination among the MEA and the investigating agencies to track the movement of the absconding defaulters

  • Budget airline IndiGo hires fraud investigator Somyajit Sethi as its first ethics and compliance chief
    Firstpost6 days ago

    Budget airline IndiGo hires fraud investigator Somyajit Sethi as its first ethics and compliance chief

    Somyajit Sethi is likely to join IndiGo by the end of this month.

  • Reuters6 days ago

    BRIEF-Punjab National Bank Says HKMA Enhances Supervisory Arrangements On Co's Hong Kong Branch

    June 13 (Reuters) - Punjab National Bank: * SAYS HONG KONG MONETARY AUTHORITY ENHANCING THE SUPERVISORY ARRANGEMENTS ON CO'S HONG KONG BRANCH * HKMA ASKS CO'S HONG KONG BRANCH TO MAINTAIN HIGH QUALITY ...

  • Reuters8 days ago

    CBI asks Interpol to issue arrest notice for billionaire jeweller Nirav Modi: police source

    The Central Bureau of Investigation has asked Interpol to help locate and arrest billionaire jeweller Nirav Modi, who is at the heart of a $2-billion-plus bank fraud case, a CBI source said on Monday. The source said CBI had asked Interpol to issue a "red notice" arrest order. The Financial Times reported on Sunday citing Indian and British officials that Modi, who police have charged in relation to India's biggest banking fraud, had fled to the United Kingdom claiming political asylum.

  • RBI Governor Urjit Patel Likely To Appear Before Parliamentary Panel Tomorrow
    Bloomberg Quint8 days ago

    RBI Governor Urjit Patel Likely To Appear Before Parliamentary Panel Tomorrow

    RBI governor to face parliament’s standing committee on demonetisation, PNB scam.

  • PNB expects to recover Rs 8,000cr from NPAs in Q1 FY19
    Moneycontrol9 days ago

    PNB expects to recover Rs 8,000cr from NPAs in Q1 FY19

    Nirav Modi fraud-hit Punjab National Bank (PNB) is hopeful of Rs 8,000 crore recovery from bad loans in the first quarter of the current fiscal.

  • Fraud-hit Punjab National Bank hopes to recover Rs 20,000 crore from NPAs in the first-half of FY19
    Firstpost11 days ago

    Fraud-hit Punjab National Bank hopes to recover Rs 20,000 crore from NPAs in the first-half of FY19

    PNB has recovered around Rs 5,600 crore in the first two months of the ongoing fiscal.

  • What Does Punjab National Bank’s (NSE:PNB) Share Price Indicate?
    Simply Wall St.11 days ago

    What Does Punjab National Bank’s (NSE:PNB) Share Price Indicate?

    Punjab National Bank (NSEI:PNB), operating in the financial services industry based in India, saw a decent share price growth in the teens level on the NSEI over the last fewRead More...

  • The Wall Street Journal11 days ago

    [$$] Jewelry Businesses Linked to Fugitive Billionaire Are Put Under Trustee

    controlled Firestar Diamond Inc., Fantasy Inc. and A. Jaffe Inc. before Indian authorities accused him of running a $2 billion bank fraud, spooking suppliers and customers and pushing the companies into chapter 11 in the U.S. , which says it was defrauded by Mr. Modi, hired a forensic investigator that says it found “significant connections” between the businesses and fraudulent bank guarantees used to obtain credit in India. Mr. Modi, who has denied wrongdoing, left India earlier this year as investigators probed the alleged fraud and is considered a fugitive.

  • Fitch downgrades Punjab National Bank's viability ratings by two notches after oversight gaps
    Firstpost15 days ago

    Fitch downgrades Punjab National Bank's viability ratings by two notches after oversight gaps

    Fitch Ratings downgraded viability rating (VR) of Punjab National Bank (PNB) to 'b' from 'bb-' and maintained it on rating "watch negative" (RWN)

  • IANS15 days ago

    Fitch downgrades PNB's viability ratings

    Mumbai, June 4 (IANS) Fitch Ratings has downgraded the viability rating (VR) of state-owned Punjab National Bank (PNB) to 'b' from 'bb-' and maintained it on rating "watch negative" (RWN). "The two-notch downgrade to PNB's VR is a reflection of the significant deterioration in its standalone credit profile, mainly due to a drop in its core capital ratio that was bigger than Fitch's expectation," the agency said in a statement on Monday. According ot the agency, the RWN reflects its expectations that the "pressures, mainly relating to asset quality, earnings and profitability, will persist at least over the next few quarters".

  • PNB ups MCLR by 0.05-0.10% for select tenors
    Moneycontrol19 days ago

    PNB ups MCLR by 0.05-0.10% for select tenors

    Punjab National Bank today revised upwards the marginal cost of funds based lending rate (MCLR) for select tenors by 0.05-0.10 percent, effective tomorrow, a move that will lead to costlier loans for consumers.

  • PNB fraud: Bank accuses Nirav Modi, team of rigging US bankruptcy auction; moves New York court
    Firstpost26 days ago

    PNB fraud: Bank accuses Nirav Modi, team of rigging US bankruptcy auction; moves New York court

    PNB has also claimed that before filing bankruptcy petition, Modi’s right hand man Mihir Bhansali was in touch with the fugitive diamantaire

  • IANS28 days ago

    PNB retirees urges confidence building measures by government

    New Delhi, May 22 (IANS) The Pensioners and Retirees Association of the multi-crore fraud-hit Punjab National Bank (PNB) has called upon the central government to initiate "confidence building exercise" as recent developments have "demoralised bankers" and underminned the importance of state-owned lenders in the country's economy. The demand comes after the investigating agencies probing the multi-crore Nirav Modi scam had named officials at all levels of the second largest public sector lender in their initial chargesheet. Recently, top executives of PNB have been implicated in a fraud committed by Nirav Modi by "influencing few of the employees of the bank".

  • Reuters29 days ago

    Top executives at fraud-hit PNB misled RBI, CBI alleges

    Senior executives at Punjab National Bank misled the Reserve Bank of India (RBI) in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, the Central Bureau of Investigation (CBI) alleged in a charge sheet filed in court. PNB, India's second-largest state-run bank, said earlier this year that two jewellery groups headed by Nirav Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff at a Mumbai branch over several years.

  • IANS29 days ago

    Moody's cuts Punjab National Bank's deposit ratings, outlook stable

    New Delhi, May 21 (IANS) Moody's Investors Service has downgraded the local and foreign currency deposit rating of multi-crore fraud hit Punjab National Bank (PNB) to Ba1/NP from Baa3/P-3, a statement said here on Monday. At the same time, Moody's has downgraded the bank's baseline credit assessment (BCA) and Adjusted BCA to b1 from ba3. "These actions complete Moody's review of the bank's ratings initiated on February 20, 2018, following the bank's announcement of the discovery of some fraudulent and unauthorised transactions amounting to Rs 144 billion ($2.2 billion) in February and March 2018," the statement said.

  • IANSlast month

    Nirav Modi in London on Singaporean passport: ED sources

    New Delhi, May 19 (IANS) Despite Enforcement Directorate issuing summons to diamantaire Nirav Modi and his family members to join the investigations in the the multi-crore Punjab National Bank (PNB) fraud, they have chosen to ignore the directive by remaining abroad and out of immediate reach of the investigators. According to ED sources, Nirav Modi is currently in London on a Singaporean passport while his brother Nishal Modi is in Antwerp on a Belgian passport.

  • Fraud-hit PNB Rapped For Not Making Timely Regulatory Disclosures
    News18last month

    Fraud-hit PNB Rapped For Not Making Timely Regulatory Disclosures

    The compliance and monitoring arm of the Securities and Exchange Board of India (SEBI), in a letter on May 15, noted delays of one to six days on the part of the lender in making disclosures about the fraud, PNB said in a securities filing on Thursday.

  • IANSlast month

    SEBI warns PNB over late disclosure of Nirav Modi fraud case

    Mumbai, May 17 (IANS) Securities market regulator Securities and Exchange Board of India (SEBI) has warned state-owned Punjab National Bank (PNB) over the delay in regulatory disclosures to stock exchanges with regard to the Nirav Modi fraud case. According to a BSE filing on Thursday, PNB said that it has received a letter from SEBI on Tuesday "regarding disclosures made in respect of Nirav Modi Group, Gitanjali Group and others, has warned and advised to be cautious in future in respect of compliances of SEBI LODR Regulations".

  • PNB Housing Finance stock more valuable than its parent PNB, RBL Bank too pips govt lender
    India Todaylast month

    PNB Housing Finance stock more valuable than its parent PNB, RBL Bank too pips govt lender

    The market capitalisation of PNB Housing Finance stood at Rs 21,199.07 crore. The m-cap of Punjab National Bank was at Rs 20,842.33 crore. Market cap of RBL Bank stood at Rs 21,491 crore.

  • Fraud-hit PNB rapped for not making timely regulatory disclosures
    Reuterslast month

    Fraud-hit PNB rapped for not making timely regulatory disclosures

    India's state-owned Punjab National Bank (PNB) has received a warning letter from the country's markets regulator for failing to make timely disclosures to the stock exchanges about a sprawling $2 billion fraud. The compliance and monitoring arm of the Securities and Exchange Board of India (SEBI), in a letter on May 15, noted delays of one to six days on the part of the lender in making disclosures about the fraud, PNB said in a securities filing on Thursday. PNB, India's second-largest state-run bank, said in February two jewellery groups had defrauded it of more than $2 billion by raising credit from overseas branches of other Indian banks via illegal guarantees issued by rogue PNB staff over several years.

  • CBI charges jeweller Choksi, others in PNB fraud case
    Reuterslast month

    CBI charges jeweller Choksi, others in PNB fraud case

    The Central Bureau of Investigation (CBI) has filed charges against five further people including jeweller Mehul Choksi as part of a probe into an alleged $2 billion fraud at state-run Punjab National Bank (PNB), two sources said. The CBI named Choksi, three of his companies and four employees working at those companies in a charge sheet filed at a Mumbai court on Wednesday. In a statement, the CBI confirmed it had filed a second charge sheet in the case, dubbed the biggest fraud in India's banking history, but did not name the accused.

  • Why state-run Punjab National Bank, the big bad boy among Indian lenders, needs better parenting
    Firstpostlast month

    Why state-run Punjab National Bank, the big bad boy among Indian lenders, needs better parenting

    The government, the Reserve Bank of India (RBI) and various managements have, over time, failed to guide the Punjab National Bank.