Loan of Rs 10.64 lakh crore in just 3 months, loan disbursement of this government bank increased by 13%

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 a notice given to the stock market. By the end of September 30, 2023, the total advance of the bank was Rs 9.41 lakh crore. 

PNB deposits rise 11.41 percent to Rs 14.59 lakh crore

The government bank told the stock market that total deposits grew by 11.41 percent to Rs 14.59 lakh crore in the second quarter, as against Rs 13.09 lakh crore at the end of the second (July-September) quarter of the previous financial year 2023-24. The total business of the bank grew by 12 percent to Rs 25.23 lakh crore as compared to Rs 22.51 lakh crore at the end of September 30, 2023.

The share price of the government bank closed with a decline on Thursday.

Let us tell you that on Thursday, October 3, the shares of Punjab National Bank closed at Rs 104.87 on NSE with a decline of 0.32 percent (Rs 0.34). The shares of this government bank, which closed at Rs 105.21 on Tuesday, opened with a decline at Rs 103.25 on Thursday. During today’s trading, the bank’s shares reached an intraday high of Rs 106.75 from an intraday low of Rs 103.00.

Shares of Punjab National Bank are trading well below their 52 week high

Punjab National Bank shares 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 shares 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.