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Punjab National Bank to Switch Share Transfer Agent to KFin Technologies

Story Highlights
  • Punjab National Bank will replace Beetal with KFin Technologies as registrar and share transfer agent for its listed equity shares.
  • The change follows an RFP process and will take effect after data migration and regulatory connectivity procedures are completed, with Beetal serving until transition ends.
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Punjab National Bank to Switch Share Transfer Agent to KFin Technologies

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Punjab National Bank ( (IN:PNB) ) has shared an announcement.

Punjab National Bank’s board has approved changing its registrar to an issue and share transfer agent for its listed equity shares from Beetal Financial & Computer Services Pvt. Ltd. to KFin Technologies Limited, following a structured request-for-proposal process. The switch aims to update its shareholder services infrastructure, though Beetal will continue as registrar until data migration, connectivity shifts with NSDL and CDSL, and related formalities are completed, with the effective date to be announced later.

More about Punjab National Bank

Punjab National Bank is one of India’s large public sector banks, offering a broad range of retail and corporate banking services. Listed on major Indian stock exchanges, it serves a wide base of shareholders and operates within the highly regulated domestic financial services industry.

Average Trading Volume: 1,113,449

Technical Sentiment Signal: Buy

Current Market Cap: 1283.8B INR

For an in-depth examination of PNB stock, go to TipRanks’ Overview page.

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