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Punjab National Bank ( (IN:PNB) ) just unveiled an update.
India Ratings and Research has affirmed the credit ratings of Punjab National Bank and its debt instruments, highlighting the bank’s systemic importance and the likelihood of continued government support. The affirmation reflects PNB’s stable operational metrics, strong capital buffers, and improving internal accruals, despite the need for provisions under expected credit loss norms. This rating action underscores PNB’s robust market position and its strategic significance in the Indian banking landscape.
More about Punjab National Bank
Punjab National Bank (PNB) is a major public sector bank in India, known for its extensive pan-India presence and significant market share in deposits and advances. It operates a large network of branches and ATMs, and plays a crucial role in the Indian banking sector.
Average Trading Volume: 1,108,421
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1353.9B INR
See more insights into PNB stock on TipRanks’ Stock Analysis page.