PNB rises on putting Rs 10,000 crore recovery target for March zone

PNB rises on putting Rs 10,000 crore recovery target for March zone

by admin- Thursday, February 7th, 2019 04:05:56 PM

Punjab National Bank is currently buying and selling at Rs. Seventy five.Forty, up by way of 0.20 factors or zero.27% from its preceding final of Rs. 75.20 on the BSE.

The scrip opened at Rs. 75.Forty five and has touched a high and low of Rs. Seventy five.Ninety and Rs. 74.Eighty five respectively. So some distance 120003 stocks had been traded at the counter.

The BSE institution ‘A’ stock of face cost Rs. 2 has touched a 52 week high of Rs. 164.95 on 07-Feb-2018 and a fifty two week low of Rs. 58.65 on 01-Oct-2018.

Last one week excessive and coffee of the scrip stood at Rs. Seventy eight.Forty and Rs. Seventy one.05 respectively. The present day market cap of the business enterprise is Rs. 28590.Ninety two crore.

The promoters holding in the organization stood at 70.22%, while Institutions and Non-Institutions held 19.Forty% and 10.38% respectively.

Punjab National Bank (PNB) has set a target of recovering Rs 10,000 crore from horrific loans inside the March quarter. The bank has mentioned 7.13% rise in its internet income at Rs 246.51 crore for the December region below review as compared to Rs 230.11 crore for the equal sector in the preceding yr.

In this fiscal yr, the financial institution had made recoveries really worth Rs 16,600 crore from horrific loans. The financial institution expects healing of Rs 10,000 crore from NPAs wherein encompass Rs 6,000 crore from Bhushan Power & Steel and Essar Steel (both on the NCLTs) within the present day quarter, the stability Rs 4,000 crore of the deliberate recovery could be from smaller money owed as well as from a few NCLT bills.

News Updates