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Punjab National Bank

Buy Punjab National Bank shares

PUNJAB NATIONAL BANK (BOM: 532461) Shares

ABOUT PUNJAB NATIONAL BANK

Punjab National Bank is a Banking and Financial service bank owned by Government of India.

The bank has a history dating back to 1894 when it was first registered under the Indian Companies Act. The bank was established with the objective of creating a truly national bank that would further the economic interest of the country.

As such, Punjab National Bank is the first Indian bank to have been started solely with Indian capital that is still in operation.

The bank significantly expanded its portfolio with the acquisition the 39 branches of Bharat Bank in 1951. The bank expanded its international presence with the opening of its first branch in London in 1978.

OVERVIEW OF PUNJAB NATIONAL BANK

  • Today, Punjab National Bank owns a banking subsidiary with seven branches in the UK, as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. The bank also has representative offices in Kazakhstan, Dubai, Shanghai, Oslo, and Sydney. Furthermore, the bank owns 51% of Druk PNB Bank, and 20% of Everest Bank Limited, which has 50 branches in Nepal.

  • Punjab National Bank’s strong brand image is reflected in its growing customer base. The bank has a strong focus on recovering any losses while growing its earnings through qualitative credit growth alongside the rationalization of Risk Weighted Assets. The bank has achieved significant growth through its Mission Parivartan strategy, a process of transforming the bank’s operations through enhancing efficiency, productivity and profitability for long term growth.

  • Mission Parivartan is conducted by an independent think tank, the Mission Parivartan Division, which works to drive change internally through streamlined processes, in order to differentiate the bank in the market.

VISION & VALUES OF PUNJAB NATIONAL BANK

  • The corporate ethos of Punjab National Bank is pillared on values of social development. To this end, the bank has established 12 Farmers Training Centers which provide free agricultural training, as well as other skills development programmes.

  • These Centers have provided training to over 1 million people to date, through over 46 000 training programmes.

  • Punjab National Bank’s 55 Rural Self Employment Training Institutes are further engaged in training rural populations in the skills necessary for starting businesses.
  • Finally, the bank’s Financial Literacy Centers provide open seminars on financial education, preventative counseling and customer rights.

MARKET PERFORMANCE OF PUNJAB NATIONAL BANK

  • Punjab National Bank trades on the Bombay Stock Exchange (BSE), where investors can buy shares under the stock symbol BOM: 532461.

  • Data from the company’s 2019 financial analysis shows that Gross Domestic Business reached Rs 11 45 511 crores, reflecting an absolute increase of Rs 1 14 830 crores and a growth of 11.1% The bank’s Operating Profit increased by 26.2% to Rs 12 995 crores.

  • The bank’s strong performance has allowed investors to buy or sell shares with confidence, providing sound dividends and a solid buy-in for those who choose to purchase shares in 2022 and in the future.

LATEST NEWS PUNJAB NATIONAL BANK

Buy PUNJAB NATIONAL BANK stocks / shares – A Step by Step Guide how to Buy / Purchase PUNJAB NATIONAL BANK Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy PUNJAB NATIONAL BANK Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN PUNJAB NATIONAL BANK STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE PUNJAB NATIONAL BANK STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of PUNJAB NATIONAL BANK stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy PUNJAB NATIONAL BANK stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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