Punjab National Bank trades higher on the bourses

Punjab National Bank is currently trading at Rs. 750.00, up by 10.85 points or 1.47% from its previous closing of Rs. 739.15 on the BSE.

The scrip opened at Rs. 735.00 and has touched a high and low of Rs. 753.30 and Rs. 733.30 respectively. So far 60077 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1091.00 on 17-Feb-2012 and a 52 week low of Rs. 659.00 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 801.95 and Rs. 716.60 respectively. The current market cap of the company is Rs. 25234.89 crore.

The promoters holding in the company stood at 56.10% while Institutions and Non-Institutions held 38.00% and 5.90% respectively.

Punjab National Bank, country’s public sector lender has revised the rate of interest on FCNR (B) deposits with effect from November 01, 2012. As per the revision, the bank will offer 2.88% for US dollar on deposits for one year and above but less than two years; 2.40% on two years and above but less than three years; 3.52% for three years and above but less than four years; 3.68% for four years and above but less than five years; and 3.87% for five years.

The bank will offer 3.10% for GBP deposits for one year and above but less than two years; 2.71% for two years and above but less than three years; 3.79% for three years and above but less than four years; 3.92% for four years and above but less than five years; and 4.08% for five years.

For Euro, it will offer 2.55% on deposits for one year and above but less than two years; 2.49% for two years and above but less than three years; 3.62% for three years and above but less than four years; 3.78% for four years and above but less than five years; and 3.99% for five years.

For JPY, it will be 2.52% for one year and above but less than two years; 2.26% for two years and above but less than three years; 3.27% for three years and above but less than four years; 3.29% for four years and above but less than five years; and 3.33% for five years.

For Canadian dollars, it will be 3.96% for one year and above but less than two years; 3.37% for two years and above but less than three years; 4.45% for three years and above but less than four years; 4.56% for four years and above but less than five years; and 4.67% for five years.

For Australian dollars, it will be 6.03% for one year and above but less than two years; 4.97% for two years and above but less than three years; 6.04% for three years and above but less than four years; 6.22% for four years and above but less than five years; and 6.33% for five years.