PNB Share Price Target from 2023 to 2030

Share of Punjab National Bank (PNB) is currently trading at around Rs.48/- Existing as well as prospective investors are asking for the PNB share price target from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of Punjab National Bank and based on our discussion and analysis will tell you the PNB Share Price Target from 2023 to 2030.  

Following are the frequently asked questions by the existing as well as prospective investors,about the PNB :

• Is it good to buy PNB shares?
• What will be the share price of PNB in 2025?
• Is PNB shares a good buy for long term?
• What is the future of PNB share?

Discussion & Analysis of Business & Financial performance of PNB :

Punjab National Bank (PNB) is one of the largest public sector banks in India with a history of over 125 years. It was established in 1894 and has since grown to become a significant player in the Indian banking sector. The bank offers a wide range of financial products and services to individuals, businesses, and government entities, including deposit accounts, loans, credit cards, insurance, and wealth management.

Financial Performance

PNB has reported consistent growth in its financial performance over the years, with its total assets increasing from INR 8.91 trillion in 2017 to INR 11.19 trillion in 2021. The bank’s revenue also grew at a CAGR of 7.2% between 2017 and 2021, reaching INR 58,015 crore in 2021.

In terms of profitability, PNB has reported mixed results in recent years. The bank reported a net profit of INR 1,506 crore in 2021, compared to a net loss of INR 12,283 crore in 2020. However, the bank’s return on assets (ROA) remained low at 0.14% in 2021, indicating that the bank needs to focus on improving its operational efficiency.

PNB’s asset quality has also been a concern for investors in recent years. The bank’s gross non-performing assets (NPAs) stood at 14.11% in 2021, compared to 14.23% in 2020. However, the bank’s provision coverage ratio (PCR) improved from 69.61% in 2020 to 77.22% in 2021, indicating that the bank has been taking steps to address its NPA problem.

Business Performance

PNB operates through a vast network of branches and ATMs across India, providing financial services to a wide range of customers. The bank has a strong presence in the northern and western regions of India, with over 10,900 branches and 13,000 ATMs.

PNB’s loan portfolio has been growing consistently over the years, with its total loan book reaching INR 6.77 trillion in 2021, compared to INR 5.57 trillion in 2017. The bank’s retail loan book grew at a CAGR of 16.6% between 2017 and 2021, while its corporate loan book grew at a CAGR of 8.2% during the same period.

PNB has been focusing on digital transformation in recent years, with the aim of providing a seamless banking experience to its customers. The bank has launched various digital initiatives, such as mobile banking, internet banking, and UPI payments, to cater to the evolving needs of its customers. The bank’s digital transactions grew at a CAGR of 68% between 2017 and 2021, indicating a shift towards digital banking.

In terms of business diversification, PNB has been expanding its presence in the insurance and wealth management sectors. The bank has a joint venture with Principal Financial Group for its asset management business and with MetLife International Holdings for its life insurance business. These ventures have been contributing to the bank’s non-interest income, which grew at a CAGR of 9.6% between 2017 and 2021.

Conclusion

Overall, PNB’s financial and business performance has been improving in recent years, with the bank reporting consistent growth in its loan portfolio and revenue. However, the bank’s profitability and asset quality remain a concern, and the bank needs to focus on improving its operational efficiency and reducing its NPAs. PNB’s digital transformation initiatives and expansion into the insurance and wealth management sectors have been positive developments, which could help the bank achieve sustainable

PNB Share Price Target 2023

Based on the above discussion and analysis, the share price of PNB may touch the level of around Rs.50-55 in 2023.

PNB Share Price Target 2024

Based on the above discussion and analysis, the share price of PNB is likely to touch the level of around Rs.60-65 in 2024

PNB Share Price Target 2025

Based on the above discussion and analysis, the share price of PNB  is likely to remain in the range of Rs.70-75 in 2025.

PNB Share Price Target 2026

Based on the above discussion and analysis, the share price of PNB  may touch the level of around Rs.80-85 in 2026.

PNB Share Price Target 2027

Based on the above discussion and analysis, the share price of PNB  is likely to touch the level of around Rs.90-95 in 2027

PNB Share Price Target 2028

Based on the above discussion and analysis, the share price of PNB  is likely to remain in the range of Rs.100-105 in 2028

PNB Share Price Target 2029

Based on the above discussion and analysis, the share price of PNB  is likely to touch the level of around Rs.110-115 in 2029

PNB Share Price Target 2030

Based on the above discussion and analysis, the share price of PNB is likely to remain in the range of Rs.120-125 in 2030

Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.

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