NSE: PNB · 23 October 2026
- Punjab National Bank shares moved lower during the trading session on October 23, 2026, closing down by -1.74% at ₹120.37 compared to its previous close of ₹122.50. The stock opened at ₹122.00, touched an intraday high of ₹122.30, and dropped to a low of ₹119.06 before settling near the lower end of its daily range.
- Punjab National Bank reported its standalone and consolidated financial results for the quarter ended September 30, 2026, registering a 12.8% year-on-year growth in net profit to ₹5,532 crore. Global business expanded 11.9% year-on-year to ₹31,18,434 crore, driven by a 14.7% increase in global advances and a 9.9% rise in global deposits. Asset quality showed continued improvement, with the Gross NPA ratio declining by 90 basis points year-on-year to 2.55% and the Net NPA ratio improving to 0.25%.
- Trading volume was 1.10 times the 20-day average daily volume.
Why is Punjab National Bank share price falling on 23 October 2026?
Punjab National Bank shares moved lower during the trading session on October 23, 2026, closing down by -1.74% at ₹120.37 compared to its previous close of ₹122.50. The stock opened at ₹122.00, touched an intraday high of ₹122.30, and dropped to a low of ₹119.06 before settling near the lower end of its daily range.
In broader market context, the benchmark Nifty index fell by -0.39%, reflecting a cautious session across domestic equities. PNB's negative return for the day aligns with a mild pullback in the broader market while building on recent consolidation following its 5-day gain of 4.62% and a 20-day return of 1.75%.
Company-specific news flow shows that PNB recently reported its financial results for the quarter ended September 30, 2026, highlighting a 12.8% year-on-year increase in net profit to ₹5,532 crore and an improvement in its gross NPA ratio down to 2.55%. However, with the earnings release having taken place earlier in the month on October 16, 2026, today's downward price action reflects routine intraday profit-taking and broader market weakness rather than a fresh corporate catalyst.
2.11 crore shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.92 crore shares (1.10 times). The five-day average daily volume was 3.44 crore shares. Separately, the NSE report for 23 October 2026 showed 1.09 crore shares delivered, representing 51.69% of that day’s traded volume. The same report recorded 72,632 trades.
The stock declined -1.74% alongside a soft broader market (Nifty down -0.39%), following a healthy 5-day return of 4.62%. No fresh same-day fundamental triggers were reported, pointing to routine technical profit-taking.
Latest Company Developments
Punjab National Bank reported its standalone and consolidated financial results for the quarter ended September 30, 2026, registering a 12.8% year-on-year growth in net profit to ₹5,532 crore. Global business expanded 11.9% year-on-year to ₹31,18,434 crore, driven by a 14.7% increase in global advances and a 9.9% rise in global deposits. Asset quality showed continued improvement, with the Gross NPA ratio declining by 90 basis points year-on-year to 2.55% and the Net NPA ratio improving to 0.25%.
The robust earnings and asset quality metrics provide a fundamental baseline for assessing the bank's operational trajectory and loan growth health.
The bank disclosed that the Reserve Bank of India imposed monetary penalties totaling ₹6,59,750 across four separate orders dated September 9 and September 11, 2026. The penalties were levied due to non-compliance with operational guidelines regarding Currency Chests as per RBI Master Directions. PNB stated that the operational matter has been accounted for and that it is strengthening its internal reporting systems.
While the financial impact is minimal and restricted to the penalty amount, it highlights ongoing operational compliance watchpoints in currency chest management.
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 positive stance with a target price of ₹140, reflecting confidence in the bank's earnings trajectory and asset quality recovery.
Recommended a buy rating with a target price of ₹135, supported by steady operating performance and improving return ratios.
What to Watch Next
- Subsequent movement relative to the 20-day average volume of 21,067,478 shares
- Sustained delivery percentage levels above the 50% threshold
- Execution and credit growth trends in retail and MSME advances
- Management commentary regarding asset quality and slippage ratios in upcoming investor meets
Other Dated Coverage
- Punjab National Bank Share Price Today: Why PNB Is Rising 4.73% | 19 October 2026 — 19 October 2026
- Punjab National Bank in Focus After RBI Penalties; What to Watch Today | 16 October 2026 — 16 October 2026
- Punjab National Bank Share Price Today: Why PNB Is Falling 2.35% | 15 October 2026 — 15 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 reported its standalone and consolidated financial results for the quarter ended September 30, 2026, registering a 12.8% year-on-year growth in net profit to ₹5,532 crore. Global business expanded 11.9% year-on-year to ₹31,18,434 crore, driven by a 14.7% increase in global advances and a 9.9% rise in global deposits. Asset quality showed continued improvement, with the Gross NPA ratio declining by 90 basis points year-on-year to 2.55% and the Net NPA ratio improving to 0.25%.
How strong was Punjab National Bank’s trading volume?
2.11 crore shares traded, 1.10 times the 20-day average daily volume. The price and volume data are dated 23 October 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.