public sector Punjab National Bank (PNB) has given a total loan of Rs 10.64 lakh crore in the second quarter (July-September 2024) of the current financial year 2024-25. From July 1 to September 30, 2024, PNB's loan disbursement increased by 13 percent to Rs 10.64 lakh crore. Punjab National Bank gave this information in the information given to the stock market. The bank's total advances as of the end of September 30, 2023 stood at Rs 9.41 lakh crore.
PNB's deposits increased by 11.41 percent to Rs 14.59 lakh crore.
The government bank told the stock market that total deposits increased by 11.41 percent to Rs 14.59 lakh crore in the second quarter, while it was Rs 13.09 lakh crore at the end of the second (July-September) quarter of the last financial year 2023-24. The total business of the bank increased by 12 per cent to Rs 25.23 lakh crore as at the end of September 30, 2023, compared to Rs 22.51 lakh crore.
Share prices of public sector banks closed with a decline on Thursday.
Let us tell you that on Thursday, October 3, shares of Punjab National Bank closed at Rs 104.87 with a decline of 0.32 percent (Rs 0.34) on NSE. The shares of this government bank, which closed at Rs 105.21 on Tuesday, opened with a fall on Thursday at Rs 103.25. During trading today, the bank's shares rose from an intraday low of Rs 103.00 to an intraday high of Rs 106.75.
Punjab National Bank shares are trading well below their 52 week high.
Shares of Punjab National Bank are trading well below their 52 week high. The 52 week high of the bank's shares is Rs 142.90, which was made on April 30 this year. The 52 week low of the bank's share is Rs 67.35, which was made on October 26 last year. According to NSE, the current market cap of Punjab National Bank is Rs 1,20,526.50 crore.
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