Punjab National Bank - Rating Action by Fitch Ratings

Fitch Ratings vide its rating action dated 31.08.2023 has affirmed Bank's Long-Term Issuer Default Rating (IDR) at 'BBB-' with Stable Outlook.

Fitch Ratings has also affirmed the Bank's Government Support Rating (GSR) at 'bbb-' while upgrading the Viability Rating (VR) to 'b+' from 'b'.

Shares of Punjab National Bank was last trading in BSE at Rs. 63.00 as compared to the previous close of Rs. 63.45. The total number of shares traded during the day was 2447181 in over 7465 trades.

The stock hit an intraday high of Rs. 63.75 and intraday low of 62.58. The net turnover during the day was Rs. 154277048.00.

Source : Equity Bulls

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PunjabNationalBank INE160A01022 PNB RatingUpdate