Punjab National Bank inches up on acquiring 6% stake in ONDC

Punjab National Bank is currently trading at Rs. 35.75, up by 0.15 points or 0.42% from its previous closing of Rs. 35.60 on the BSE.

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Punjab National Bank

The scrip opened at Rs. 35.60 and has touched a high and low of Rs. 35.85 and Rs. 35.60 respectively. So far 478264 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 47.60 on 26-Oct-2021 and a 52 week low of Rs. 31.50 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 36.40 and Rs. 34.95 respectively. The current market cap of the company is Rs. 39199.22 crore.

The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 12.80% and 14.05% respectively. Punjab National Bank

Punjab National Bank (PNB) has acquired nearly 6 per cent stake in public digital e-commerce platform Open Network for Digital Commerce (ONDC) for Rs 10 crore. ONDC is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks. It is based on open-source methodology, using open specifications and open network protocols, independent of any specific platform.

Punjab National Bank is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.

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