Ind-Ra affirms PNB's rating

India Ratings and Research (Ind-Ra) has affirmed Punjab National Bank's (PNB) Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook and Short-Term Issuer rating at 'IND A1+'. Also, the agency has assigned PNB's new additional Tier 1 (ATI) bonds 'IND AA+', fixed deposits 'IND AAA/Stable, and Certificate of Deposits (CDs) 'IND Al +' with a Stable Outlook.

Shares of Punjab National Bank was last trading in BSE at Rs. 29.20 as compared to the previous close of Rs. 29.30. The total number of shares traded during the day was 2351339 in over 4486 trades.

The stock hit an intraday high of Rs. 29.60 and intraday low of 28.75. The net turnover during the day was Rs. 68711034.00.

Source : Equity Bulls

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PunjabNationalBank INE160A01022 PNB RatingUpdate