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Punjab National Bank ( (IN:PNB) ) just unveiled an announcement.
Punjab National Bank announced that CRISIL Ratings Limited has reaffirmed its ratings on the bank’s various debt instruments, maintaining a stable outlook. The reaffirmation reflects the bank’s strong government backing, established market position, and adequate capitalization, although it faces challenges with asset quality and profitability. The ratings withdrawal for redeemed bonds aligns with CRISIL’s policy and highlights PNB’s ongoing financial adjustments.
More about Punjab National Bank
Punjab National Bank (PNB) is a major public sector bank in India, primarily offering banking and financial services. It operates in the banking industry with a focus on providing a wide range of financial products including bonds and certificates of deposits, and it benefits from strong government support due to its significant role in the country’s financial system.
Average Trading Volume: 1,110,650
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1345.8B INR
Find detailed analytics on PNB stock on TipRanks’ Stock Analysis page.