Year to date, PNB has seen a remarkable ascent, surging from ₹56.80 apiece to ₹90.50, marking an impressive gain of 59.33%. This catapulted the bank s market capitalisation beyond the ₹one lakh crore milestone in today s trade, making it the third PSU bank to achieve this significant feat.
Bank Nifty has grappled with underperformance in the past 5 years compared to the benchmark Nifty50. The banking index recorded a growth of 78%, notably trailing behind Nifty50, which witnessed a 96% surge during the same period.