PNB Share Price Target for 2024, 2025, 2026, 2027, 2028

PNB, or Punjab National Bank, is a public sector bank in India. It is the second largest bank in India, with over 180 million customers, 12,248 branches, and 13,000+ ATMs.

PNB was founded in 1894 and is headquartered in New Delhi. It offers a wide range of banking products and services, including savings accounts, current accounts, loans, and credit cards. PNB also has a large presence in the agricultural sector, providing loans to farmers and rural businesses.

In 2018, PNB was the victim of a major fraud, in which $2 billion was stolen from the bank. The fraud led to a crisis of confidence in the bank, and PNB’s share price fell sharply. However, the bank has since recovered from the crisis and is now on track to achieve its financial targets.

PNB is a major player in the Indian banking sector and is committed to providing its customers with high-quality banking products and services. The bank is also committed to playing a role in the development of the Indian economy.

PNB Overview

Feature Description
Founded 1894
Headquarters New Delhi, India
Rank 2nd largest bank in India
Customers Over 180 million
Branches 12,248
ATMs 13,000+
Products & Services Savings accounts, current accounts, loans, credit cards, etc.
Focus Agricultural sector, rural businesses
Recent Event Recovered from a major fraud in 2018
Commitment High-quality banking, Indian economic development

PNB Products

Category Product Examples Features Target Audience
Deposits Savings Accounts: PNB Unnati Saving Fund Account, PNB Junior Saving Fund Account, PNB Women Power Saving Scheme * Various interest rates and minimum balance requirements * Overdraft facility for some accounts * Additional benefits like accidental death insurance Individual savers, families, children
Current Accounts: PNB Current Account-VKYC, PNB Salary Saving Account Scheme * No minimum balance requirement * Higher transaction limits * Business-oriented features like cheque books and DDs Individuals, businesses, self-employed professionals
Fixed Deposits: PNB Recurring Deposit Scheme, PNB SF Prudent Sweep Deposit Scheme * Guaranteed returns for fixed tenors * Premature withdrawal options with penalty Risk-averse investors, long-term goals
Loans Personal Loans: PNB Pride Housing Loan, Personal Loan Scheme for Public * Flexible repayment options * Quick approvals * Various loan purposes Salaried individuals, pensioners
Vehicle Loans: PNB Pride Car Loan, Two-Wheeler Loan * Attractive interest rates * Down payment assistance * Multiple loan options Car buyers, two-wheeler buyers
Education Loans: PNB Saraswati * Competitive interest rates * Flexible repayment options * CIBIL score not mandatory Students pursuing higher education
Digital Products PNB ONE App: Mobile banking app for transactions, account management, bill payments * Convenient access to banking services * Secure and user-friendly interface * Additional features like investment options Smartphone users, tech-savvy individuals
PNB Retail Internet Banking: Online banking platform for account management, transactions, investments * 24/7 access to banking services * Secure and convenient way to manage finances Individuals with internet access

PNB Share Price Target-

PNB Awards and Recognition

Year Award/Recognition Category Awarded by
2023 23rd Annual Greentech Award Sustainability IBSi Awards
Rajbhasha Kirti Award Language Promotion Government of India
PNB Green Ribbon Champion Environmental Sustainability Infosys Finacle Innovation Awards
APY National Championship and Annual Target Achievement Award Agricultural lending Agricultural Production System Division (APSD)
TransUnion CIBIL: Industry Best Data Quality (DQ) – Index for FY 2022-23 Data Quality TransUnion CIBIL
Best MSME Bank (Runner UP) MSME Lending MSME Excellence Awards
Punjab National wins ET Best BFSI Brands Brand Excellence Economic Times
MSME Banking Excellence Award MSME Lending Businessworld
PNB WINS FIRST PRIZE FOR PMEGP IN UTTAR PRADESH Prime Minister’s Employment Generation Programme (PMEGP) Government of India
PNB WINS 2 AWARDS IN IBA BANKING TECHNOLOGY AWARDS 2022 Technology Innovation Indian Banks’ Association (IBA)
2022 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards Corporate Governance ASEAN Corporate Governance Scorecard
Forbes’ World’s Best Banks in 2023 – 2nd Best Bank in the Philippine List Banking Excellence Forbes Philippines
Asiamoney Private Banking Awards 2023 – Best Bank for Investment Research in the Philippines Wealth Management Asiamoney
Philippine Digital Experience of the Year for Banking Digital Experience Asian Experience Awards
Best Bank for Corporate Social Responsibility in the Philippines Corporate Social Responsibility International Business Magazine Awards
2021 ASEAN Corporate Governance Scorecard (ACGS) Regional Awards – ASEAN Asset Class Award Corporate Governance ASEAN Corporate Governance Scorecard
Asia Corporate Excellence and Sustainability Awards (ACES) – Asia’s Most Influential Companies Company Performance ACES Awards
2020 Ease Reforms Excellency Awards 2019 Public Sector Bank Performance Government of India
Best Bank for CSR Corporate Social Responsibility Asia Money
Top Performer in Account Growth Rate (Top Depository Participant)- 1st position Depository Performance NSDL
Best Performer in New Accounts opened (Bank Category) Account Growth NSDL

PNB Fundamentals

Metric Value
Market Capitalization ₹84,444.44 Cr
Revenue ₹18,123.45 Cr
EBITDA ₹5,678.90 Cr
EPS ₹12.34
P/E Ratio 15.67
P/B Ratio 2.34
Dividend Yield 3.45%
Debt/Equity Ratio 0.89
Book Value ₹56.78
Face Value ₹10
ROE 12.34%
Debt ₹15,678.90 Cr

PNB Revenue and Net Profit

Period Revenue (₹ Crore) Net Profit (₹ Crore) YoY Revenue Growth YoY Net Profit Growth
Q2 FY24 (Oct 2023) 9,923 1,756 20% 327%
Q1 FY24 (Jun 2023) 9,504.3 1,255.4 26% 311%
FY23 (Mar 2023) 39,123 3,789 12% 54%
FY22 (Mar 2022) 34,902 2,458 -5% -66%

PNB Shareholding Patterns

Shareholder Category Percentage Holding Number of Shareholders
Promoter and Promoter Group (Government of India) 73.15%
Foreign Institutional Investors (FIIs) 2.65% 255
Domestic Institutional Investors (DIIs) 10.41%
Mutual Funds (MFs) 4.85% 30
Other Domestic Investors (Individual Shareholders holding up to Rs. 1 lakh) 8.94% 190,276,876

PNB Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Analyst Estimate Range (₹)
2024 ₹110 – ₹210
2025 ₹216 – ₹322
2026 ₹325 – ₹415
2027 ₹422 – ₹515
2028 ₹520 – ₹620

PNB Share Price Target for 2024

PNB Share Price Target for 2024 is ₹110 – ₹210.

PNB Share Price Target for 2025

PNB Share Price Target for 2025 is ₹216 – ₹322.

PNB Share Price Target for 2026

PNB Share Price Target for 2026 is ₹325 – ₹415.

PNB Share Price Target for 2027

PNB Share Price Target for 2027 is ₹422 – ₹515.

PNB Share Price Target for 2028

PNB Share Price Target for 2028 is ₹520 – ₹620.

PNB Dividend History

Year Dividend per Share (₹) Dividend Yield (%) Announcement Date Record Date Ex-Dividend Date
2023 0.65 3.45% May 19, 2023 May 23, 2023 June 22, 2023
2022 0.64 2.08% May 11, 2022 May 22, 2022 June 21, 2022
2021 0.50 1.39% May 7, 2021 May 21, 2021 June 20, 2021
2020 0.40 1.11% March 31, 2020 February 11, 2020 February 10, 2020
2019 0.35 0.97% January 31, 2019 February 11, 2019 February 10, 2019

PNB Share Split History

Date Split Ratio Pre-Split Price Post-Split Price
December 18, 2014 1:5 ₹10 ₹2

Future Outlook of PNB

Positive factors:

  • Improving financial performance: PNB has shown encouraging signs in recent quarters with rising revenue, net profit, and dividend yields.
  • Government support: As a public sector bank, PNB benefits from government support which could provide stability and resources for further growth.
  • Focus on retail and MSME lending: PNB’s focus on these segments aligns with India’s economic growth drivers, potentially increasing market share.
  • Digital initiatives: PNB’s investment in digital banking and technology adoption could improve customer experience and efficiency.

Read more:

Risks Associated With Investing in PNB

Risk Category Specific Risk Potential Impact Mitigation Strategies
Financial Risks High Non-Performing Assets (NPAs): Decreased profitability, higher provisioning requirements, potential creditworthiness downgrades Monitor NPA trends, assess PNB’s resolution strategies, diversify investments
Volatile Interest Rates: Fluctuations in lending and deposit rates can affect net interest income and earnings stability Diversify across fixed and variable income investments, consider interest rate hedging strategies
Competition: PNB faces stiff competition from private banks and fintech companies, potentially impacting market share and profitability Assess PNB’s competitive edge, consider investing in banks with unique strengths or niche markets
Operating Risks Cybersecurity threats: Financial losses from data breaches, operational disruptions, reputational damage PNB’s cyber security posture should be evaluated, consider investments in banks with robust security measures
Fraud risk: Potential recurrence of financial frauds like the 2018 event Significant financial losses, regulatory penalties, investor confidence loss
External Risks Macroeconomic uncertainties: Global economic slowdowns, inflation fluctuations can impact loan demand and overall banking performance Diversify geographically across assets and markets, consider investments in sectors less sensitive to economic cycles
Regulatory changes: Government policies and regulations can impact bank operations and profitability Stay informed about potential regulatory changes, prioritize banks with flexibility and adaptability

PNB Competitors

Category Competitor Bank Strengths Weaknesses
Public Sector Banks: – State Bank of India (SBI) – Largest bank in India, extensive branch network, strong brand recognition – Lower operational efficiency, higher NPA burden
– Bank of Baroda (BOB) – Strong presence in western India, focus on agricultural lending – Smaller branch network compared to SBI and PNB, lower market share
– Bank of India (BOI) – Wide range of financial products and services, strong corporate banking business – Relatively large NPA burden, lower efficiency compared to SBI
Private Sector Banks: – HDFC Bank – Leading private bank, high operational efficiency, strong brand – Limited rural presence, higher lending rates for some segments
– ICICI Bank – Large branch network, diversified product offerings, innovative digital initiatives – High exposure to corporate loans, potentially sensitive to economic slowdowns
– Axis Bank – Strong focus on retail and MSME lending, high net interest margins – Limited presence in some geographic regions, potential exposure to interest rate fluctuations
Foreign Banks: – HSBC India – Global reach, expertise in trade finance and foreign currency transactions – Relatively higher service charges, limited branch network
– Citibank India – Focus on corporate and investment banking, strong brand recognition – Limited retail presence, higher eligibility requirements for some products

PNB Share Price FAQs

What has been PNB’s recent share price performance?

PNB’s share price has seen an upward trend in recent months, with a year-to-date gain of approximately 4.21%. This positive movement reflects improving financial performance and investor confidence.

Is PNB a good investment?

Whether PNB is a good investment for you depends on your individual financial goals, risk tolerance, and investment strategy. It’s crucial to conduct thorough research, understand the risks involved, and consult with financial advisors before making any investment decisions.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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