Three PSU Bank Slashed 30% to 35% & Trading at two year low Price
The sharply decline in PSU Nifty Index in the last six month many of the Banks are trading near to two year low price. Index slashed approx. 22% from June 2024 to Jan 2025, while bank stock slashed more than 30%
Stock List
- Indian Overseas Bank, MKT CAP ₹ 95,211 , PE 30.53
- Punjab National Bank , MKT CAP ₹ 114,090 , PE 6.78
- Union Bank of India, MKT CAP ₹ 89,962 , PE 5.50
Indian Overseas Bank & Results
About bank
Indian Overseas Bank, renowned for its customer-centric approach, was founded by the visionary philanthropist Shri Ammembal Subba Rao Pai in July 1906 in Mangalore, a small port town in Karnataka at the time.
Share price: Stock is trading at ₹ 50.37 , 35% below to its high level of 77.50
Gross NPA for last four Quarter.
2023 DEC 3.90
2024 Mar 3.10
2024 Jun 2.89
2024 Sep 2.72
Dec Sep 2.55
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Punjab National Bank & Results
About Bank
Punjab National Bank (PNB) is a state-owned Indian bank headquartered in New Delhi. Established in May 1894, PNB stands as the second-largest public sector bank in India based on business volume. It serves more than 180 million customers across its vast network of over 12,000 branches and 13,000+ ATMs.
Share price: Stock is trading at ₹ 99.27 , 30.53% below to its high level of ₹ 142.90
Gross NPA for last four Quarter.
2023 DEC 6.27
2024 Mar 5.73
2024 Jun 4.98
2024 Sep 4.48
Dec Sep 4.09
Union Bank of India & Results
About Bank
Union Bank of India, a prominent public sector bank in India, is headquartered in Mumbai. As of December 31, 2024, the bank serves over 153 million customers and has a total business volume of Rs. 21,65,726 crores.
Share price: Stock is trading at ₹ 117.85 , 31.68 % below to its high level of ₹ 172.50
Gross NPA for last four Quarter
2023 DEC 4.83
2024 Mar 4.76
2024 Jun 4.54
2024 Sep 4.36
2024 Dec 3.85
Conclusion: Bank Stock Slashed 30% to 35% & Trading at two year low Price
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