PNB corrects on profit selling

22 Nov 2022 , 01:15 PM

Shares of the PSU bank jumped 8.3% in the past four sessions to end at Rs 47.60 yesterday, from its recent closing low of Rs 43.95 on 15 November 2022. On the BSE, 48.75 lakh shares were traded in the counter so far compared with average daily volumes of 81.45 lakh shares in the past two weeks. Meanwhile, the state-run bank the appointment of M. Paramasivam, chief general manager of Canara Bank, as executive director on the board of PNB, for a period of three years. His appointment is effective from the date of assumption of office on or after 1 December 2022, or until further orders, whichever is earlier. Sanjay Kumar, executive director of PNB, shall be superannuating on 30 November 2022. Punjab National Bank is engaged in the business of treasury, corporate/wholesale banking, retail banking, other banking operations. The banks net profit declined 62.8% to Rs 411.27 crore despite of 8.2% rise in total income of Rs 23,001.26 crore in Q2 FY23 over Q2 FY22. Powered by Capital Market – Live News