Punjab National Bank Share Price

J&K Bank signs escrow for ₹120 cr PNB MetLife sale.

Jammu and Kashmir Bank Limited

has signed an escrow agreement for the sale of its PNB MetLife stake at ₹117.20 per share. The deal is valued at ₹120.10 crore. The bank is selling its 0.5% stake in PNB MetLife India Insurance. Shares will transfer through an escrow arrangement with Barclays entities. This follows the earlier share purchase agreement and moves the transaction toward completion. The key numbers are the ₹117.20 per share price and ₹120.10 crore total value. The sale will generate cash and reduce the bank’s non-core investment. Other private banks may see little direct impact. Near-term price reaction could be mildly positive on the cash inflow. Risks include any delay in final regulatory clearances. We have no financial interest in this news.

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Punjab National Bank (PNB) is in the spotlight

Punjab National Bank (PNB) is in the spotlight due to two major developments: the arrest of a PNB manager in a ₹17.29 crore counterfeit currency case, and the bank’s strategic push into new businesses like wealth management and acquisition finance. 🚨 Breaking News: Counterfeit Currency Case NIA Arrest: The National Investigation Agency (NIA) arrested PNB manager Amit Kumar in Chandigarh on 7 September 2026. Case Details: Linked to ₹17.29 crore counterfeit notes discovered in PNB’s Saharanpur currency chest. Timeline: Aug 9: Audit revealed 148 bundles of fake ₹500 notes worth ₹7.4 crore. Later: Total counterfeit detected rose to ₹17.29 crore. Aug 29: FIR registered in Saharanpur. Sep 3: NIA took over the case (RC-02/2026/NIA/LKW). Court Action: Kumar was produced before a Special NIA Court in Chandigarh, granted two-day transit remand to be taken to Lucknow. Impact: Three PNB employees were suspended; Kumar was a key accused. This case raises serious concerns about internal controls in PSU banks. 📈 Strategic Business Updates Despite the controversy, PNB is actively expanding its business lines: Wealth Management Services: Launch planned for early 2027. Already deploying 1,700 Customer Relationship Managers (CRMs) across branches, with another 1,300 to follow. Target: Manage top 250–300 customers per branch. Aim: Boost non-interest income and compete with private banks. Credit Card Growth: Adding 50,000–60,000 new cards per month. Exploring co-branded cards with Punjab & Sind Bank. Focus on expanding retail banking footprint. Acquisition Finance: Entering this segment in Q3 FY27, after RBI allowed banks to finance up to 75% of deal value. Seen as a lucrative new market for PSU lenders. Global Ambition: PNB aims to enter the world’s top 100 banks by assets within 2 years, joining SBI and HDFC Bank.

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Punjab National Bank (PNB) – Technical Outlook

is currently in a consolidation/triangle formation after a strong recovery from the ₹100–105 zone. The stock is trading around ₹116.85, with price compressed between rising support and overhead resistance. Key Resistance: ₹119.45–120 A decisive daily close above ₹120 with strong volume can trigger a fresh breakout. Above ₹120, the next potential zones are ₹123–125, followed by ₹128–130. Key Support: ₹115.70–114.80 The rising trendline and short/medium-term moving averages are clustered around this area. Holding ₹115–116 keeps the bullish structure intact. A close below ₹114.80 would weaken the setup and could drag the stock toward ₹112–110. Momentum: RSI is around 56.7, still above the neutral 50 zone, indicating that bulls retain an advantage, although momentum has cooled from the August highs. MACD has turned softer, suggesting near-term consolidation rather than an immediate strong rally. View ₹120 is the trigger level. PNB is currently a breakout candidate, not yet a confirmed breakout. The contracting triangle suggests a sizeable move could come once either ₹120 or ₹115 breaks decisively. Bullish above ₹120: ₹123 → ₹125 → ₹128 Bearish below ₹114.80: ₹112 → ₹110 For now, ₹115–116 is the important support zone and ₹119.5–120 is the make-or-break resistance. A volume-backed breakout above ₹120 would significantly improve the probability of the next up-leg.

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PNB Housing Board Approves ₹10,000 Cr NCD Issue

The Board of Directors of PNB Housing Finance Limited has approved the issuance of Non-Convertible Debentures (NCDs) of up to ₹10,000 crore on a private placement basis. The fundraising will strengthen the company’s capital base and support its growth plans in the affordable and retail housing finance segments. The NCDs will be issued in one or more tranches as per the company’s funding requirements and market conditions. This move enhances PNB Housing Finance’s ability to meet rising demand for home loans while maintaining a balanced liability profile. The approval provides the housing finance company with greater flexibility to raise long-term funds efficiently and sustain its lending momentum in the coming quarters. **Top stocks in the housing finance industry:**

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PNB Housing Finance Approves ₹10,000 Cr NCD Issue

has announced that its Board of Directors has approved a proposal to raise up to ₹10,000 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The proposed fundraising is aimed at strengthening the company’s long-term funding profile and supporting its lending and business expansion requirements. NCDs are debt instruments that allow the company to raise capital without diluting existing equity shareholders. The sizeable fundraising approval provides PNB Housing Finance with additional flexibility to access debt markets depending on funding requirements and market conditions. The proceeds can support the company’s housing-finance operations, including growth in its loan book, refinancing of existing liabilities and other general corporate purposes, subject to applicable approvals and the terms of individual issuances. Private placement also enables the company to raise funds from identified institutional and sophisticated investors in multiple tranches, rather than conducting a public issue. For investors, the development is significant because access to diversified and scalable funding is important for a housing finance company operating in a credit-growth environment. At the same time, the impact on profitability will depend on the cost of funds, deployment of the capital and subsequent loan growth. Overall, the ₹10,000-crore NCD programme strengthens PNB Housing Finance’s funding capacity and provides a sizeable capital-raising avenue to support its future growth plans.

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