NSE: PNB · 11 November 2026
- Punjab National Bank shares moved higher today, gaining 4.77% to trade at ₹138.48. The stock opened at ₹132.84 and touched an intraday high of ₹139.00, which also marks its 52-week peak, alongside an intraday low of ₹132.17.
- Punjab National Bank disclosed that the Reserve Bank of India imposed a monetary penalty of ₹1,24,913.01 on the bank. The penalty was levied due to non-compliance with operational guidelines concerning currency chests as per RBI master directions. The bank received the communication from the regulatory authority on November 10, 2026.
- Trading volume was 3.41 times the 20-day average daily volume.
Why is Punjab National Bank share price rising on 11 November 2026?
Punjab National Bank shares moved higher today, gaining 4.77% to trade at ₹138.48. The stock opened at ₹132.84 and touched an intraday high of ₹139.00, which also marks its 52-week peak, alongside an intraday low of ₹132.17.
The broader market participated in the positive momentum, with the Nifty rising 0.84%. PSU banking counters remained in focus following recent sector-wide movements. Over a broader time frame, the stock has posted strong gains, rising 14.47% over the past 5 trading days and 19.38% over the past 20 trading days.
Company disclosures show that Punjab National Bank recently filed details regarding regulatory penalties, including a monetary penalty of ₹1,24,913.01 imposed by the Reserve Bank of India on November 10, 2026, for non-compliance with operational guidelines of currency chests. Additionally, the bank revised its Marginal Cost of Funds Based Lending Rates effective November 1, 2026, setting the one-year MCLR at 8.90%.
8.24 crore shares traded by 11 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 2.42 crore shares (3.41 times). The five-day average daily volume was 2.82 crore shares. Separately, the NSE report for 11 November 2026 showed 3.69 crore shares delivered, representing 44.76% of that day’s traded volume. The same report recorded 239,930 trades.
The stock rallied 4.77% on heavy volumes running at 3.41 times its 20-day average volume, reflecting strong buying interest and continuation of recent outperformance across public sector banking stocks.
Latest Company Developments
Punjab National Bank disclosed that the Reserve Bank of India imposed a monetary penalty of ₹1,24,913.01 on the bank. The penalty was levied due to non-compliance with operational guidelines concerning currency chests as per RBI master directions. The bank received the communication from the regulatory authority on November 10, 2026.
It highlights ongoing regulatory compliance checks on currency chest operations, though the financial impact is limited strictly to the penalty amount.
The bank notified the stock exchanges regarding a revision in its Marginal Cost of Funds Based Lending Rates effective from November 1, 2026. Under the updated schedule, the overnight MCLR was set at 8.10% and the benchmark one-year MCLR was revised to 8.90%. Other tenors and the repo-linked lending rate of 8.35% were adjusted or maintained accordingly.
Changes to lending benchmark rates directly influence loan pricing dynamics and potential net interest margins for the bank.
Punjab National Bank has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.14% on 30 September 2026. This compares with 6.51% on 30 June 2026, a change of -0.37 percentage points.
The filing reported 43 MF/UTI holders.
Research & Brokerage Views
Maintained a Buy rating on Punjab National Bank with a target price of ₹140 following quarterly financial performance updates.
Issued a Buy recommendation with a target price of ₹135 based on operating outlook and valuation comfort.
What to Watch Next
- Sustainability of trading volumes above the 20-day average of 3.41x
- Execution of loan growth following the November MCLR rate revisions
- Price reaction around the 52-week high resistance level of ₹139.00
- Upcoming updates on asset quality and provisioning trends
Other Dated Coverage
- Punjab National Bank Share Price Today: Why PNB Is Rising 2.98% | 29 October 2026 — 29 October 2026
- Punjab National Bank Share Price Today: Why PNB Is Falling 1.74% | 23 October 2026 — 23 October 2026
- Punjab National Bank Share Price Today: Why PNB Is Rising 4.73% | 19 October 2026 — 19 October 2026
More Punjab National Bank news and dated analysis →
Frequently Asked Questions
What is the latest Punjab National Bank company news?
Punjab National Bank disclosed that the Reserve Bank of India imposed a monetary penalty of ₹1,24,913.01 on the bank. The penalty was levied due to non-compliance with operational guidelines concerning currency chests as per RBI master directions. The bank received the communication from the regulatory authority on November 10, 2026.
How strong was Punjab National Bank’s trading volume?
8.24 crore shares traded, 3.41 times the 20-day average daily volume. The price and volume data are dated 11 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.