INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Punjab National Bank (PNB) were trading higher in Friday's session after the government of India increased stake in the
bank by 5.83 per cent to take its shareholding to 71.92 per cent.
Punjab National Bank on Thursday informed bourses that the government
bought additional 63.82 crore shares in the bank
up at Rs 71.70 at around 10.10 am (IST), while the BSE Sensex was down 0.13 per cent at 35,193 at around the same time.
Earlier this month,
PNB reported a loss of Rs 4,532.35 crore for the quarter ended September 2018
The state-owned bank had a registered a net profit of Rs 561 crore in the same quarter last year
Its total income during the September quarter of 2018-19 declined to Rs 14,035.88 crore as against Rs 14,205.31 crore in the year-ago
cent (Rs 81,250.83 crore) at the end of September 2018, from 13.31 per cent (Rs 57,630.11 crore) a year ago
