Wednesday, 23 March 2016

News About Punjab National Bank

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PNB Makes INR 1500 Cr Through Private Placement:

Punjab National Bank (PNB) has notified BSE that regarding Board and its supervisory authorizations, the lender has managed to raise up to INR 1500 crore Tier-2 (in compliance with Basel III) resource bonds at a yearly voucher of 8.65 percent based on private placement. 


The scrip commenced at INR 90.7 and hit a low and high of INR 90.6 and INR 95.5 in that order. An overall shares of 8420270 (NSE+BSE) were retailed on the counter itself. The present market cap of the firm is over INR 17858.92 crore.

PNB Declared Q3 Results on 9th Feb 2016:
A conference of Punjab National Bank’s (PNB) Board of Directors was conducted on 9th Feb 2016 to think through and deal with record the Reviewed Unaudited Fiscal Outcomes of the Bank for the 3rd quarter of the fiscal that came to end on 31st Dec 2015.

Additionally, according to PNB Code of Conduct and Policy for Prevention of Insider Trading & Code of Corporate Disclosure Practices in term of SEBI (Prohibition of Insider Trading) Regulation, 2015, the Trading Window for dealing in the shares of the Bank will be closed from 3rd Feb 2016 to 10th Feb 2016 for all Directors / Designated Persons of the Bank. – Press Release Excerpt.

Stocks of PNB was last exchanging in BSE at INR 89.45 as linked to the earlier close of INR 89.5. The net number of shares merchandized on that day was 1413915 in around 6514 trades. It touched a mid day low of INR 87.1 and mid day high of INR 90.2. The overall takings for the day was INR 125117854.