State-owned Punjab National Bank (PNB) has opened 120 new branches across the country to mark its 120th Foundation Day. The bank started its operation on April 12, 1895, in Lahore, now in Pakistan.
State-owned Punjab National Bank (PNB) has opened 120 new branches across the country to mark its 120th Foundation Day. The bank started its operation on April 12, 1895, in Lahore, now in Pakistan.
"The bank commemorated the momentous day by adding 120 branches across India dedicated to serve the customers. The 120th branch of the bank is located near the birth place of our founding father Lala Lajpat Rai," PNB said in a statement.
On this historic day, the bank launched its PNB Platinum Credit Card with various features including maximum limit of Rs 10 lakh.
PNB stock price
On April 07, 2014, Punjab National Bank closed at Rs 751.35, up Rs 1.80, or 0.24 percent. The 52-week high of the share was Rs 852.15 and the 52-week low was Rs 402.20.
The company's trailing 12-month (TTM) EPS was at Rs 101.28 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 7.42. The latest book value of the company is Rs 902.74 per share. At current value, the price-to-book value of the company is 0.83.
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