Sales on the other hand came in at Rs 131 bn up 8. Intra day share price targets for Punjab National Bank are 83. The total volume of shares traded is 9. If the price of Punjab National Bank is trading above 81. Equitymaster Agora Research Private Limited Research Analyst 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. Mutual Funds: here's what we recommend Stock market investments require a lot of research and knowledge. During the process, it lost one-third of its total branches which accounted for 40% of its total deposits.
Data and information is provided for informational purposes only, and is not intended for trading purposes. So far today holding above its resistance zone and trading around 156. Punjab National Bank long term trend is a downtrend, and nearest possible share price target is 78, 74, 70, 63, or 58. Virat Kohli has been chosen as brand ambassador. In 2017- 18, the steps taken by the government to restart the stalled project will lead to uptick in earning cycle. Support at 135 and 132. Information herein should be regarded as a resource only and should be used at one's own risk.
With significant push to infrastructure development and affordable housing, the government is trying to kick start the credit growth. However, patience is the key here. The bank has had the honour of maintaining accounts of several prominent figures like Mahatma Gandhi, Indira Gandhi, and Jawaharlal Nehru. After a decent performance in the fourth quarter, the share price did not take a major hit and it stabilised close to Rs. In the next 4 minutes price discovery will be done, and orders will be executed. . Went as high as 85.
Retail loans include housing loans, vehicle loan and other personal loan. These developments kept the stock price close to Rs. For a short while, the stock price did go below Rs. The operating profit and net interest income has seen a consistent growth. It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Your use of this website constitutes acceptance of our Terms Of Service.
This lead to drop in bank credit growth to the lowest in 60 years at 5. Why it is still falling continuously even after a long time of Nirav Modi scam? Investment in securities market are subject to market risk, read all the related documents carefully before investing. Find out everything about it right away. This involves sanction of credit above a specific limit, Loan compromise or write-offs, any action that has a deviation from established norms, proposal for investment and any other matter referred by the board of directors. Here's why hundreds of thousands of readers spread across more than 70 countries. Total traded volumes were 3810958. It was in 1957 when he returned to India after a stint with A.
It serves more than 80 million customers and has its presence in several countries like Kazakhstan, United Arab Emirates, China, and Australia. I know 10 years is a long time but you will get the result accordingly I mean you will get the exponential return. The current market capitalisation stands at Rs 31,085. The Government of India nationalised the bank in July, 1969. But what happened if people will not pay the interest or the principal amount for a long time? In loans segment, retail loans registered a 22% growth whereas housing loans grew by 19%.
If you look at the numbers over the years, the bank is capable of generating a profit. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India. The board also has sub committees namely audit committee and remunerations committee. All content and information is provided on an 'As Is' basis by Equitymaster. There is no assurance or guarantee of the returns. Please read the Risk Disclosure Document prescribed by the Stock Exchanges carefully before investing.
Inspired by the Swadeshi movement, the founding board comprised of people from different backgrounds, all of whom had the same goal - to start a national bank with Indian capital and management. Mehta has had a rich career in the world of banking where he has held several important positions. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Considering that it is highly unlikely that the bank will be able to recover this money anytime soon, investors went into the panic mode and unloaded shares as soon as they can. Business Model The traditional source of revenue for banks are the difference between the rate at which loans are given and the cost of funds. The month of March went by smoothly without any major nosedives. To avail the offer investor needs to open an account with initial margin of Rs.
Motilal Oswal Asset Management Company Ltd. Correspondence Address: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad West , Mumbai- 400 064. However, net profit decreased to Rs. For many investors, now may seem like the right time to buy the shares again, especially if the intention is to keep them for a long term. Loans are also made to business entities as working capital loans, cash credits loan or long-term advances. Likewise, account opening has also been moved from branches to dedicated bank office to improve efficiency.
History of the Company Punjab National Bank was founded back in 1894 in Lahore, present-day Pakistan, with the intention of creating a nationalised bank that will towards the betterment of the Indian economy. Punjab National Bank short term trend is a uptrend, and nearest possible share price target is 85 The share price is currently trading at 84. Disclaimer: Data is provided as is and www. The closing price at the end of October was Rs. Starting from the 1950s, the bank acquired several other institutions like Bharat Bank Limited, Universal Bank of India, and Indo-Commercial Bank.