INDIA Rating (Ind-Ra) has placed the ratings of Punjab National Bank's (PNB) bonds on Rating Watch Evolving (RWE), following the Finance Ministry's announcement on the proposed amalgamation of PNB, OBC and UBI. The key reason for placing the ratings on RWE are the scale of mergers and the potential integration related challenges that may be encountered in the process.
Shares of PUNJAB NATIONAL BANK was last trading in BSE at Rs.61.1 as compared to the previous close of Rs. 59.9. The total number of shares traded during the day was 1963111 in over 4780 trades.
The stock hit an intraday high of Rs. 61.95 and intraday low of 60.5. The net turnover during the day was Rs. 120036532.