NSE: PNB · 12 November 2026
- Punjab National Bank has risen 12.04% over 3 trading sessions; today's move is +2.39%.
- Punjab National Bank informed the exchanges about its revised Marginal Cost of Funds Based Lending Rates effective November 1, 2026. The one-year MCLR was adjusted to 8.90%, while overnight rates moved to 8.10%. Other tenors and the benchmark Repo linked Lending Rate at 8.35% remained unchanged.
- Trading volume was 2.23 times the 20-day average daily volume.
Punjab National Bank share price: 12.04% rise over 3 trading sessions
Punjab National Bank shares moved higher by 2.39% on Wednesday, trading near the upper end of the day's range.
The broader market showed modest gains, with the Nifty rising by 0.18%. The stock's performance outpaced the broader market trend, reflecting sustained buying interest following a strong return of 15.82% over the preceding 5 trading days and 21.66% over the last 20 trading days.
On the corporate front, the bank recently updated its Marginal Cost of Funds Based Lending Rates, setting the one-year MCLR at 8.90% effective November 1, 2026. While lenders regularly adjust lending benchmarks in line with liquidity and funding costs, this ongoing rate structure provides operational context for the bank's core interest income mix alongside its recent quarterly performance.
6.21 crore shares traded by 12 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 2.78 crore shares (2.23 times). The five-day average daily volume was 4.08 crore shares. Separately, the NSE report for 12 November 2026 showed 2.48 crore shares delivered, representing 39.86% of that day’s traded volume. The same report recorded 245,863 trades.
The upward price movement reflects continued buying interest and heavy volume participation at 2.23 times the 20-day average, building on recent multi-session strength without a single confirmed same-day catalyst.
Latest Company Developments
Punjab National Bank informed the exchanges about its revised Marginal Cost of Funds Based Lending Rates effective November 1, 2026. The one-year MCLR was adjusted to 8.90%, while overnight rates moved to 8.10%. Other tenors and the benchmark Repo linked Lending Rate at 8.35% remained unchanged.
MCLR adjustments directly impact the pricing of floating-rate loans and asset yields for the bank.
The bank reported receiving a monetary penalty of ₹1,24,913.01 from the Reserve Bank of India regarding non-compliance with operational guidelines of Currency Chests. The disclosure clarified that the financial impact is restricted solely to the penalty amount.
Provides transparent disclosure regarding routine operational compliance reviews by the banking regulator.
Punjab National Bank submitted its reviewed standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, showing continued core earnings and stable asset quality metrics. Gross NPAs stood at 3.45% while the Capital Adequacy Ratio remained robust under Basel III guidelines at 17.96%.
Financial disclosures form the fundamental baseline for investor evaluation of profitability and provisioning coverage.
Punjab National Bank has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Punjab National Bank share price soars 11% in two 2 days; hits 52-week high.
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 positive view on the stock with a target price of ₹140 based on operational momentum and asset quality trends.
Recommended a Buy rating on valuation and expected credit cost normalization.
What to Watch Next
- Execution of credit growth and loan book expansion across retail and MSME segments
- Trends in asset quality, slippages, and credit cost provisioning in upcoming quarters
- Delivery volume and cash market participation relative to the 20-day average volume
- Any further revisions in lending benchmarks such as MCLR or RLLR
Other Dated Coverage
- Punjab National Bank Share Price Today: Why PNB Is Rising 4.77% | 11 November 2026 — 11 November 2026
- 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
More Punjab National Bank news and dated analysis →
Frequently Asked Questions
What is the latest Punjab National Bank company news?
Punjab National Bank informed the exchanges about its revised Marginal Cost of Funds Based Lending Rates effective November 1, 2026. The one-year MCLR was adjusted to 8.90%, while overnight rates moved to 8.10%. Other tenors and the benchmark Repo linked Lending Rate at 8.35% remained unchanged.
How strong was Punjab National Bank’s trading volume?
6.21 crore shares traded, 2.23 times the 20-day average daily volume. The price and volume data are dated 12 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.