Punjab National Bank, incorporated in the year 1969, is a banking company (Market Cap – Rs 65240.27 Crore)
For the quarter ended 30-09-2022, the Bank has reported Consolidated Interest Income of Rs 23291.70 Crore, up 8.20 % from last quarter Interest Income – Rs 21527.42 Crore and up 7.85 % from last year same quarter Interest Income – Rs 21597.11 from crores. The Bank has reported Net Profit after Tax of Rs 497.47 Crore in the latest quarter.
The bank has informed the stock exchanges that the board of directors has recommended a dividend of Rs 0.64 per equity share. This proposal will have to be approved by the shareholders in the Annual General Meeting (AGM) of the bank. The bank had a standalone net profit of Rs 202 crore, down 66 per cent year-on-year in the fourth quarter. However, talking about the entire financial year, the bank’s profit increased by 71 percent to Rs 3457 crore in 2021-22 from Rs 2022 crore on an annual basis.
Looking at the growing network of the bank, with good growth in profit, you are going to see the first target of Rs 76 by 2023 on the share price. After that you can see another target for Rs.85.
