PNB Share Price Touches new 3month High on 15 Jul 2016

Punjab National Bank (PNB) is India’s first Swadeshi Bank which began its operations on the 12^th of April, 1895 from Lahore. It commenced with an authorised capital of Rs. 2 lac and a working capital of Rs. 20, 000. PNB share price recorded a 52 week high of Rs.180.55 on 17-Aug-15.

 

Financial Journey:

With constant focus on low cost deposits, PNB has reached the milestone of Rs. 2 lac crore during FY16. CASA deposits rose by 11.9 percent on YoY basis as witnessed on 31^st of March, 2016. The growth was backed and supported by the saving deposits which touched Rs.1.69 lac crore and Current Deposits which reached Rs.36157 cr.

Within Advances, the small ticket share advances such as MSME, Retail and Agriculture to Domestic Non Food Credit rose from 55.6 percent in March 2015 to 56 percent in March 2016.

 

Punjab National Bank’s operating profit at Rs.12216 cr during FY16 stood highest among all Nationalized Banks. To be factual, it is the only bank among nationalized banks to have an operating profit of over Rs.10, 000 cr for 5 consecutive years. But the raised provisioning requirement for NPAs boiled down to a Net Loss of Rs. 3974 cr in FY16 as against Net Profit of Rs. 3062 cr in FY15.

 

In key financial ratios terms, PNB’s Domestic Net Interest Margin at 2.95 percent during FY16. It was one of the highest among nationalized banks. Reduction in bulk deposits lead to the Cost of Deposits moving down from 6.09 percent in FY15 to 5.85 percent in FY16. Further, the Cost to Income ratio enhanced and improved from 46.74 percent in FY15 to 44.94 percent in FY16. PNB has been victorious in maintaining its Capital Adequacy Ratio well above the regulatory requirement. The Bank’s CRAR stood at 11.28 percent which constituted Tier I ratio of 8.41 percent and Tier II ratio of 2.87 percent.

 

The Gross NPA and Net NPA of Punjab National Bank stood at Rs. 55, 818 crore and Rs. 35, 423 crore, respectively, as recorded on the 31^st of March, 2016. In terms of ratios, the Gross NPA and Net NPA ratio was recorded at 12.90 percent and 8.61 percent, respectively.

 

Novel Landmarks:

• Domestic Business crossed the amount of Rs.8.50 lakh crore.
•   Global Deposits crossed the amount of Rs.5.50 lakh crore.
•   Cost to Income Ratio decreased from 46.74 percent in March 2015 to 44.94 percent in March 2016.

PNB financials:

The Average Daily Movement [ADM] of PNB is recorded to be 4.04. The average volume of the last 20 days reads at 17119388.

The closest Support Level for PNB share price is Rs. 119.90 while the closest Resistance Level reads at Rs. 129.30.