Punjab National Bank - Stock Valuation and Financial Performance

BSE: 532461 | NSE: PNB | Bank - Public | Large Cap

PNB Share Price

98.30 -1.05 -1.06%
as on 03-Feb'25 16:59

DeciZen - make an informed investing decision on PNB

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Punjab National Bank stock performance -

P/E Ratio (CD):
6.78
Market Cap:
1,14,182.4 Cr.
52-wk low:
92.4
52-wk high:
142.9

Is Punjab National Bank an attractive stock to invest in?

1. Is Punjab National Bank a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Punjab National Bank is a below average quality company.

2. Is Punjab National Bank undervalued or overvalued?

The key valuation ratios of Punjab National Bank's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Punjab National Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Punjab National Bank is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of PNB:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Punjab National Bank has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Net Interest Income (₹ Cr.)17,36716,47315,33615,19417,49117,92131,13029,41935,02840,53042,899
YoY Gr. Rt. %--5.1%-6.9%-0.9%15.1%2.5%73.7%-5.5%19.1%15.7%-
Total Income54,88456,90457,22657,60859,51564,30694,17088,33999,0851,22,3941,36,134
YoY Gr. Rt. %-3.7%0.6%0.7%3.3%8.1%46.4%-6.2%12.2%23.5%-
Adj EPS (₹ ) 18.3-18.85.6-43.9-20.80.72.53.538.314.7
YoY Gr. Rt. %--202.5%NA-886.4%NANA276.9%43.3%-13.4%172%-
BVPS (₹ )219.2198.4186.1137.192.387.781.482.285.892.7106.9
YoY Gr. Rt. %--9.5%-6.2%-26.4%-32.7%-5%-7.2%1%4.3%8.1%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.6-0.50.1-1.7-1.300.20.30.20.50.9
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)4.18.67.811.26.65.85.74.82.70.7-
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----------

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income9.9%18.3%9.2%15.7%
Total Income9.3%15.5%9.1%23.5%
Adj EPS-8.5%NA50%172%
BVPS-9.1%0.1%4.4%8.1%
Share Price -5.7% 11.4% 32.1% -21.6%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Interest Earned / Total Income88.7589.2883.9884.5887.6285.487.0186.3187.6589.1188.3
Margins To view Margins Colour Rating Guide click here
NIM (%)2.82.42.22.12.32.22.62.32.52.72.4
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)8.6-9.22.3-32.5-250.734.23.38.513.7
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)3636.641.74142.242.944.546.541.940.2-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Total Income has increased 9.13 CAGR in last 3 years

Net Profit has increased 50.01 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Punjab National Bank

Standalone Consolidated
TTM EPS (₹) 13.1 14.7
TTM Sales (₹ Cr.) 1,17,885 1,20,169
BVPS (₹.) 102.2 106.9
Reserves (₹ Cr.) 1,15,209 1,20,565
P/BV 0.97 0.93
PE 7.58 6.78
From the Market
52 Week Low / High (₹) 92.35 / 142.90
All Time Low / High (₹) 6.98 / 279.00
Market Cap (₹ Cr.) 1,14,182
Equity (₹ Cr.) 2,298.6
Face Value (₹) 2
Industry PE 8.8

Quarterly Results

 Dec'23 YoY Gr. Rt. %Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %
Sales (₹ Cr.) 76 2.570.2 -31.553.2 -33.549.1 -18.1
Adj EPS (₹) 0.3 N/A2.9 N/A0 N/A-0.5 N/A
Op. Profit Mgn % 4.49 219 bps12.80 1159 bps3.32 460 bps-3.51 -10 bps
Net Profit Mgn % 0.93 102 bps9.02 978 bps0.04 313 bps-2.23 316 bps

Management X-Ray of PNB:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:70.08%Institutions:20.01%Non-Institutions:9.91%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%20%40%60%80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of PNB

MRP
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MOS
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DP
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Base BVPS
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DPS
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MRP: ₹ 0
DP: ₹0
Base BVPS ₹:
DPS ₹:
MOS (%):
Save my Valuation
Expected BVPS Growth Rate:
0%
Base 0%
30%
Expected Rate of Return:
0%
Base 0%
30%
Future PBV:
0
Base 0
40
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

PNB Reports fraud with transaction amount upto Rs. 11,700 Cr - 15 Feb 2018

On 14th Feb, PNB reported fraud transactions upto Rs. 11,400 Cr. happened through one of its branches by Nirav Modi group of companies and Gitanjali Gems.

As per the press conference, the fraud has been happening since 2011 and it was detected only in Jan’18. Investigation started on 25th Jan’18. This fraud appears to be an outcome of a poor process and incentivized banker at the branch level. We do not believe that this would have happened without some senior manager’s involvement –likely, a person who has power to sanction loans, as Letter Of understanding (LOUs) are usually vetted by an authority before issuance.

Just yesterday in Daily Journal meeting, Charlie Munger, Vice Chairman of Berkshire Hathaway, Buffett’s partner said, “the temptation to do something stupid in banking is high so it’s a dangerous place to invest...”

Banking has money as its raw material and runs on very high leverage which makes it a very tricky business model. Many people have access/incentive to lend/approve a loan or do a favour to a few. Approving loans and growing fast is very easy, what’s painful to ensure interest servicing and repayment of loans. Not all borrowers are honest and they have inclination to game the system. Given these circumstances, we like to buy only good financials and at high margin of safety from MRP. We have a handful of banks in our close watch and we have been negative about many smaller banks and NBFCs.

Talking about PNB’s case, it is very hard to track transactions where actually money has not gone out of bank’s account, it was just a letter of understanding. Too many people have authority to sanction pay-out. It finally boils down to culture of a bank or an individual. We do not believe that the entire amount of Rs. 11,700 Cr is the liability for the bank, but just total transaction amount. We do not have a specific number of the final liability as of now to make any changes to our MRP for the company.

We have warned time and again regarding various shady financial companies. We have marked few of them as Red and Orange. Luckily, we had asked all our subscribers to sell PNB for a different reason, refer to the note on the company page. We re-iterate, we have a SELL signal on Punjab National Bank.

Will this affect our portfolio holdings in SBI and Bank of Baroda?

Our answer: As per rule, PNB is the party who would owe money to other 30 banks. We do not believe that PNB would default on its liability as its government held bank. So this incident will not affect SBI or BoB.

Can this even occur in SBI or BoB?

There is always a chance. It’s likely that during DeMo many such powerful people would have taken advantage of institutions to launder money. But we believe one can’t take worst case scenario while making any investment. That ways we won’t be able to invest in any company in our lifetime.

In our opinion, such uncertainties will be taken care of at the portfolio level. Right now, we have less than 8-10% of our portfolio in SBI and BOB put together. Hence even if such uncertainty were to pan out in short term, it will not dent our portfolio performance much. Afterall, “Diversification is the only free lunch”, as popularised by Nobel prize-winning economist Harry Markowitz in the 1950s.

For those who have not invested in SBI and BoB, you may consider adding both of the stocks as per recommended allocation. We believe these two banks will generate good returns over next 2-3 years. You may read our analyst notes for the respective banks on their company page.

 

- Same note updated on SBI and BoB Pages too

PNB Bank's prospects are not as good as what stock price reflects! - 19 May 2017

Punjab National Bank’s (PNB) Q4FY17 PAT at Rs. 260 Cr vs loss of Rs. 5300 Cr in Q4FY2016. While Gross NPA has declined QoQ, it is still very high at 12.5%. On top of it, provision coverage is just 40% as opposed to 50-60% of other banks. Though PNB has been able to improve its CASA ratio but its balance sheet doesn’t support credit growth.

We have been of opinion that PNB faces severe dilution risk, subdued growth over 2-3 years due to stressed balance sheet, and steep credit costs. PNB hold highest percentage of stressed loans and resolving could take significant longer than SBI, BoB and other private commercial banks. We had recommended Selling the stock in Rs. 85-90/share and hold on to SBI, Axis, ICICI, Indian, BoB. Though the stock price has risen from the lows, it is not likely to generate great upside. At the same time, there are high chances of downside from here too. We continue to remain cautious in PSU banks other than Top 2 and Indian Bank. All the PSU banks have soared with market rally, but not all are in stable state and face significant risks.

 

A portfolio must be held for the long term, which we define as at least 5-7 years. However, this does not mean every stock will perform in each year. Our performance should be judged on the basis of the overall portfolio over 2-3 years at least, not on the basis of short-term performance of individual stocks. Uninvested cash should be parked in money market/liquid funds/fixed deposits earning 6-7% pre-tax returns.

Currently, the broader markets seem overvalued on basic metrics. Be extremely cautious. Don't rush to buy average or below average companies. Stay away from the euphoria and overvalued stocks. Keep some cash handy to buy stocks if markets correct. Don't be fully invested at these levels.

SELL Punjab National Bank: Took us by surprise! - 10 Feb 2016

Punjab National Bank’s net profit plunged over 93 per cent during the December quarter FY2016.

The primary reason behind drop is increase in its provisioning and contingencies allocation to Rs 3,775.53 crore for the October-December quarter of 2015-16, a steep increase from Rs 1,467.77 crore parked aside in the same quarter a year ago.

Bank's asset quality deteriorated further as gross non-performing assets (NPAs) or bad loans hit 8.47% of the gross advances during third quarter of current fiscal, as against 5.97% a year ago.

Likewise, net NPAs rose to 5.86% of the net advances as of December quarter of 2015-16, from 3.82% in the previous year's third quarter. In absolute terms, the gross NPAs increased to Rs 34,338.22 crore as of December 2015, from Rs 22,211.43 crore.

Net NPAs were at Rs 22,983.40 crore during the quarter, up from Rs 13,787.76 crore.

PNB’s MD & CEO said "The increase in NPA is on account of Bank's exercises as part of RBI's Asset Quality Review over the last two quarters of the current financial year. The bank is undertaking the same over the time-frame stipulated by the RBI."  

You can read interview here. (http://tinyurl.com/zmfxzko)

Is it a surprise that many loans will fall into NPA?NO. Media channels and newspaper are worried about NPA numbers which are not surprising to start with. We always highlighted that there are loans which will turn into NPA and finally be provided for.

So what exactly went wrong and what the street is missing?

When we recommended Punjab National Bank, we did take care of fresh slippages while arriving at our valuation. However, most importantly we considered those slippages from stressed book ‘only’.

Let us illustrate, PNB had ~5% in gross NPA and ~11% in stressed assets. We did stress testing by assuming 20-30% of stressed book will fall into slippages because these loans are not regular in interest payments and eventually default. We assumed worst case the gross NPA will rise to ~7.5-8% mostly from slippages from stressed assets. By writing off these assets and assuming some recovery from NPA (UDAY, Bankruptcy Code, etc.), we found the company’s Market Price at discount to its MRP.

Come Q3FY16 results. The slippages were to an extent of Rs 13,482 crore. Not surprised! However, unexpectedly Rs. 10,998crore were from ‘Standard Assets. These slippages are over and above our worst case NPA assumptions. This is the primary reason where our entire investment hypothesis collapses. Total stressed assets and NPA have increased to ~17% from ~16% in previous quarter which is really risky and suggests more stress in future. From the commentary of management on Bloomberg (http://tinyurl.com/hzvucx9), stressed assets are not falling apart as yet, but since standard assets themselves are now vulnerable to Asset Quality Review we wish to exit the investment full of uncertainty. All eyes are now on SBI results tomorrow.

We recommend a ‘SELL’ because no value will be created if there so many slippages from stressed & standard book. Even if they subside at some point of time, dilution will take all the money on the table.

We understand the management has taken the street by disbelief wherein in we assumed that standard assets were intact till yesterday and suddenly management classified part of it into NPA. Now since there is so much uncertainty, we are unable to value the based on available data. It’s better to be safe than sorry.

We advise you to take a loss and move your funds to cash for now till the time any other opportunity arises. This is part and parcel of investing. Few stock ideas do well and some turn sour. Overall, if you see, diversification took care of our portfolio losses, as losses from PNB are restricted to 1-2% on portfolio level.

We are changing the colour code to RED and valuation of the company will be reviewed post March quarter results.

Punjab National Bank: Story may take longer - 05 Jan 2016

About the company

PNB is the third largest bank in terms of advances among PSU banks. PNB has an extensive branch network of >6500 branches, with 50% in rural and semi-urban areas. This gives it unparalleled advantage of domestic CASA of ~38.9% since FY07 and consequently lower cost of funds. This has kept NIM high at ~3.5-4%. The bank grew credit at 23-29% in FY06-11 and at 15.3% CAGR in FY10-15.

Concerns

Gross non-performing assets (GNPA) ratio in the past seven years has risen from lows of 1.6% to 6.36% of advances. Restructured assets (RA) have grown from Rs 10000 crore to Rs 38315 crore in FY10-15. However, they remained steady at Rs 38261 crore as on Q2FY16 (~11% of total loans). The pace of slippage is expected to remain moderate but the fresh restructuring pipeline under the new 5/25 scheme can be bulky, and was guided at Rs 10000 crore by the management.

We understand that the company has highest amount of restructured assets ~125% of Net worth. Also, the assets in Strategic Debt restructuring (SDR) are likely to require additional provisioning which will hit bank’s profits in near term. With high credit costs the return ratios of the company are poor. This is likely the reason the street is negative on the company. These factors seem quite negative at first glance.

Positives

However, we believe going forward the stress in loan book will moderate post UDAY reforms, low interest environment and custom duty imposition by the Centre. Major part of the loan book consists of Metals, Infra (power and others). SEBs loans will start performing post UDAY reforms where the cost rationalization at State level will improve financial health of SEBs. With additional custom duty imposed on cheaper Chinese imports, price erosion will be limited for metal companies. Additionally, with RBI’s 125bps rate cut in CY2015 will lower interest burden for companies which will help them to service loans regularly. This will subsequently reduce stress and GNPA levels in non-linear fashion.

This thinking is in lines with our take on Bank of Baroda and State Bank of India. Of all PSU banks, we believe only SBI, BoB and PNB, in that order, stand a chance to achieve above average return on equity in future.

During the recent analyst meet, new MD & CEO, Ms. Usha Ananthasubramanian has highlighted the following key priorities for the bank:

1) Proactive efforts to improve asset quality through (a) Internal teams created to undertake segmented auctions (residential, commercial and industrial) with targets for each of the 76 circles, (b) EDs visiting various centres to conduct spot one-time settlement, (c) strong actions against wilful defaulters, (d) undertaking sale of stressed loans to ARCs (PNB has not transferred loans loans to ARC previously);

2) Enhanced focus on retail loans: PNB plans to improve retail loan mix from current 13% to 23% in next three years implying a 30% annual growth as against 23% YoY levels currently;

3) Exploring avenues to improve profitability: a team to be formed to explore avenues to enhance revenue streams and cut unnecessary costs with aim to add Rs 750-1000 Cr to profits.

We appreciate the steps outlined by the management.

What should investors do?

Under these circumstances we believe that the near term pains though recoverable, can’t be overlooked. The risk we face is that our holding will take longer time to start showing results.

We had recommended buying the stock at various prices in the range of Rs 130-150. At current price, there is a 15-25% paper loss. Since we had recommended mere 5% allocation in this stock, so we are not impacted on overall portfolio level. We insist you to ignore near term pains in individual stock price. We are fairly confident that our expectations will be met after 2-3 years. We certainly cannot predict the short term results of any company. But over long term we can fairly estimate the company’s performance based on business model, competitive advantage and industry structure.

Never think or act based on single stock allocation. Always focus on overall portfolio growth. It is fair to assume that 2-3 investments may not perform every year, but make sure you have diversified your portfolio in stocks recommended by us and allocate to the extent of our recommended levels. This will certainly help your portfolio to grow consistently.

Key Ratios of PNB

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
SBI 761 -5.1 (-0.7%) Large Cap 4,15,131 73.1 14.7 10.5 1.7
Bank Of Baroda 207.9 -3 (-1.4%) Large Cap 1,12,606 37.6 15.8 5.6 0.8
Canara Bank 90.6 -2.1 (-2.3%) Large Cap 1,10,519 18.1 13.4 5.1 0.9
PNB 98.3 -1.1 (-1.1%) Large Cap 1,09,065 14.7 7.6 6.8 0.9
Union Bank Of India 109.1 -3.5 (-3.1%) Large Cap 99,778 21.4 13.7 5.3 0.8
Indian Overseas Bank 48.9 -1.4 (-2.8%) Large Cap 24,050 1.6 11 30.8 3.6

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income 54,88456,90457,22657,60859,51564,30694,17088,33999,0851,22,394
Interest Income 48,71050,80448,05848,72552,14754,91881,93576,24286,8451,09,065
Other Income 6,1756,1009,1688,8837,3679,38812,23512,09812,24013,329
Expenditure 51,54360,56756,32570,19369,54163,94392,01884,66496,0161,14,065
Interest Expense 31,34334,33132,72233,53034,65636,99750,80546,82351,81768,534
Operating Expenses 10,80910,3509,52413,64311,68912,15020,51620,49124,33628,809
Provisions9,39115,88614,07923,02023,19614,79520,69717,35019,86316,722
Profit Before Tax4,397-5,2931,540-19,849-15,3708273,7824,5944,86113,332
Taxes 1,056-1,630639-7,264-5,3434641,6309191,7925,003
Profit After Tax 3,341-3,663901-12,584-10,0263632,1523,6763,0698,329
Adjusted EPS (₹)18.33-18.795.58-43.88-20.790.652.453.513.048.27
Dividend Payout Ratio (%)18%-2%1%-1%0%7%7%18%21%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital 3713934265529211,3482,0962,2022,2022,202
Total Reserves 41,66941,41242,99040,96545,16462,52990,43995,3801,00,6781,08,185
Minority Interest549729781309288361487473459561
Deposits5,15,2455,70,3836,29,6516,48,4396,81,8747,10,25411,13,71711,54,23512,90,34713,79,225
Borrowings 59,20581,67443,33665,33046,82862,51252,29859,37270,14972,586
Other Liabilities 18,97318,20416,12821,93415,04614,45320,68927,64029,81335,878
Total Liabilities 6,36,0117,12,7937,33,3117,77,5287,90,1208,51,45712,79,72513,39,30114,93,64915,98,636

Assets

Balance with RBI 24,43626,49225,41029,02932,33838,60444,26786,12878,21465,325
Balance with Banks33,82352,55765,96968,45944,95839,15269,06748,06679,11566,075
Investments 1,56,7621,65,1261,91,5272,04,4192,10,5782,53,7824,04,3693,88,5864,16,9144,46,421
Advances 4,04,6144,46,0834,24,2314,38,8264,62,4164,76,8536,79,3467,33,7668,37,4599,41,763
Net Block 3,6565,3086,2986,3716,2467,26211,04910,69612,08412,348
Other Assets12,72017,22619,87630,42433,58335,80471,62772,05969,86466,704
Total Assets 6,36,0117,12,7937,33,3117,77,5287,90,1208,51,45712,79,72513,39,30114,93,64915,98,636

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4,81414,16721,938-1,742-33,532-12,7931,24020,03222,592-27,939
Cash Flow From Investing Activity -872-1,352159392-629-338-787-1,204-732-1,506
Cash Flow From Financing Activity 7,4515,975-9,7677,46013,96913,5915,4152,0321,2753,518
Net Cash Flow 11,39318,79012,3306,109-20,1924605,86820,85923,135-25,928
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)18-196-44-2112438
DPS (₹)3000000112
BVPS (₹)219198186137928881828693

Margin Ratios

Yield on Advances (%)12.011.411.311.111.311.512.110.410.411.6
Yield on Investments (%)7.88.28.18.47.57.07.47.06.56.8
Cost of Liabilities (%)5.55.34.94.74.84.84.43.93.84.7
NIM (%)2.82.42.22.12.32.22.62.32.52.7
Interest Spread (%)6.66.16.56.46.56.77.76.56.66.9

Performance Ratios

ROA (%)0.6-0.50.1-1.7-1.30.00.20.30.20.5
ROE (%)8.6-9.22.3-32.5-25.00.73.04.23.38.5
ROCE (%)7.7-1.43.9-17.5-13.13.05.45.35.910.8

Efficiency Ratios

Cost to Income Ratio (%)45.945.938.956.747.044.547.349.451.553.5
Operating Costs to Assets (%)1.71.51.31.81.51.41.61.51.61.8

Valuation Parameters

Price/Book(x)0.70.40.80.71.00.40.50.40.51.3

Punjab National Bank Stock News

Punjab National Bank FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PNB on 03-Feb-2025 16:59 is ₹98.30.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Feb-2025 16:59 the market cap of PNB stood at ₹1,14,182.4.
The latest P/E ratio of PNB as of 03-Feb-2025 16:59 is 7.58.
The latest P/B ratio of PNB as of 03-Feb-2025 16:59 is 0.97.
The 52-week high of PNB is ₹142.9 and the 52-week low is ₹92.35.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PNB is ₹1,17,885 ( Cr.) .

About Punjab National Bank

Punjab National Bank, India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital. The financial year 2019- 20 was significant in view of the announcement of amalgamation of Public sector Banks wherein Oriental Bank of Commerce and United Bank of India amalgamated with Punjab National Bank with effect from April 1, 2020. The Bank’s brand image and trust reposed by its customers have been reflected in growing customer base and rising business graph of the Bank. Bank’s focus has been on qualitative business growth, recovery and arresting fresh slippages. The Bank’s journey towards digitalization continues through constant innovation and upgradation of its existing products and services. The Bank strives to provide hassle free and convenient banking services to several customers. The Bank believes in leveraging technology for delivering best customer experience.

Business area of the company

The bank is one of the premier banking institutions in the country with a long tradition of sound and prudent banking.

Products

Personal (Deposit, Loans, Apply For OTS in NPA Accounts, Insurance, Government Business, Agriculture Banking, Financial Inclusion, Priority Sector)
Corporate (Corporate Loans, EXIM finance, Cash Management Services, Gold Card Scheme for Exporters, Doorstep Banking Services)
International (Schemes / Products / Services, NRI Services, Help Desk For Forex Services, World Travel Card, Foreign Office Details)
Capital Services (Depository Services, Mutual Funds, Merchant Banking, ASBA)

E-services

  • PNB ONE
  • PNB PIHU
  • PNB VERIFY
  • OTP Based Aadhaar Seeding
  • Retail Internet Banking
  • Corporate Internet Banking
  • PNB Bharat BillPay
  • BHIM
  • BHIM PNB (UPI)
  • RTGS/NEFT/IMPS/ECS/NACH
  • Green PIN - Debit Card
  • Missed Call Services
  • E-Statement
  • SMS Banking

Subsidiaries of the company

Domestic

  • PNB Gilts Ltd. 
  • PNB Investment Services Ltd. 
  • PNB Insurance Broking Pvt. Ltd.

International

  • Punjab National Bank (International) Ltd.
  • Druk PNB Bank Ltd

Awards

  • FICCI Corporate Social Responsibility Award 2013-14
  • PNB Conferred With Appreciation Certificate
  • RBI Rajbhasha Award 2014-15
  • Assocham Social Banking Exellence Award 2015
  • Golden Peacock National Training Award 2016
  • Rajbhasha Kirti Award 2017-18
  • Aadhar Excellence Award
  • NSDL Star Performer Awards 2018
  • Best State Nodal Bank Award 2018-19
  • Digital Payments Award 2018-19
  • IBA Banking Technology Awards 2019
  • Top Rankers Excellence Award
  • EASE Reforms Excellency Award
  • PNB Wins Governance Now BFSI Awards 2019
  • BFSI Digital Innovation Awards 2019
  • Rajbhasha Kirti Award 2019
  • Bank Of The Year Award 2019
  • PNB Wins SCOPE CCE Award 2019
  • PNB Won IBA Banking Technology Awards 2020
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