CARE updates on ratings of Punjab National Bank

CARE Ratings vide its rating action dated 24.11.2021 has revised the ratings on Bank's Basel II Upper Tier II Bonds from 'CARE AA/Stable' to 'CARE AA+/Stable' and Basel III AT1 Bonds from 'CARE AA-/Stable' to 'CARE AA/Stable'. Further, it has reaffirmed the ratings on Infrastructure Bonds, Basel II Lower Tier II Bonds & Basel III Tier II Bonds at 'CARE AA+/Stable', Basel II Perpetual Bonds at 'CARE AA/Stable' and Certificate of Deposits at 'CARE A1+'.

Shares of Punjab National Bank was last trading in BSE at Rs. 40.50 as compared to the previous close of Rs. 40.70. The total number of shares traded during the day was 3575068 in over 8367 trades.

The stock hit an intraday high of Rs. 41.15 and intraday low of 40.35. The net turnover during the day was Rs. 146238401.00.

Source : Equity Bulls

Keywords

PunjabNationalBank INE160A01022 PNB Banks RatingUpdate