PNB Share Price Target
| Click here to see large image of PNB |
 Click here to see how to read our trend Signals Charts. |
Visit this page for best PNB share price target best technical charts with live buy sell signals charts trend signals. Our other articles includes free intraday tips for tomorrow and free share market tips on Indian stock markets.
Check out latest news on PNB and with the help of it predict PNB share price target.
Government appoints SS Mallikarjuna Rao appointed MD and CEO of Punjab National Bank |
|
As per latest update on PNB govt has appointed Mallikarjuna Rao as MD and CEO of Punjab National Bank Of India. Rao (57), currently the MD and CEO of Allahabad Bank, has been appointed to the new post up to September 18, 2021. The government in August 2019 merged UBI and OBC with PNB, making the proposed entity the second largest public sector bank (PSB). Rao has 33 years of banking experience. Mallikarjuna Rao will replace Sunil Mehta in PNB. He has started his carrier in Bank Of Maharashtra in year 1985. He also worked in Global Trust Bank and Syndicate Bank as executive director. |
PNB Ties up with NBFC`s for co-orginating loans worth Rs 4,000 crore |
|
PNB has started tying up with non banking financial companies amounting to Rs. 4000 cr since the last two months. The lender has not decided if it will link the deposit rates with the RBI repo rates. Its retail loan rates will be based on repo rates from October 1, its Managing Director and CEO Sunil Mehta said on Monday. The stress on NBFCs and HFCs is seen as a key reason for slowdown in the economy. As it has caused reduced credit flow to small businesses. Recently PNB posted a net profit of Rs 1,019 crore for the June quarter against a loss of Rs 940 crore same quarter last year. |