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Punjab National Bank gained 4.61% today to trade at Rs 121.45. The BSE BANKEX index is up 0.36% to quote at 62995.09. The index is down 0.82 % over last one month. Among the other constituents of the index, Canara Bank increased 1.14% and Union Bank of India added 1.08% on the day. The BSE BANKEX index went down 3.17 % over last one year compared to the 10.84% fall in benchmark SENSEX.
Punjab National Bank has added 3.63% over last one month compared to 0.82% fall in BSE BANKEX index and 0.75% rise in the SENSEX. On the BSE, 2.26 lakh shares were traded in the counter so far compared with average daily volumes of 5.9 lakh shares in the past one month. The stock hit a record high of Rs 135.15 on 19 Jan 2026. The stock hit a 52-week low of Rs 98.5 on 18 May 2026.
The bank's global business grew 12.01% year-on-year to Rs 24,75,330 crore during the quarter. Global advances increased 18.53% to Rs 11,55,876 crore, while global deposits rose 6.87% to Rs 13,19,455 crore.
The retail, agriculture and MSME (RAM) segment recorded 14.65% growth year-on-year to Rs 6,35,527 crore. Within the segment, retail advances grew 11.24%, while MSME advances increased 22.39%. RAM advances accounted for 57.47% of the bank's domestic advances.
Asset quality also improved during the quarter. Gross non-performing assets (NPAs) declined to Rs 27,916.21 crore as of 30 September 2026, compared with Rs 32,085.13 crore a year earlier and Rs 29,092.72 crore as of 30 June 2026.
The gross NPA ratio fell by 87 basis points year-on-year to 2.42%, while the net NPA ratio declined by 13 basis points to 0.42%.
The bank's capital adequacy ratio (CRAR) stood at 17.94% as of 30 September 2026. The Common Equity Tier 1 (CET-1) ratio improved to 16.05% from 14.37% a year earlier.
Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations, and other banking operations.
Union Bank of India rose for a third straight session today. The stock is quoting at Rs 173.02, up 2.72% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.53% on the day, quoting at 22655.35. The Sensex is at 72805.99, down 0.36%. Union Bank of India has dropped around 5.57% in last one month.
Meanwhile, Nifty Bank index of which Union Bank of India is a constituent, has dropped around 3.01% in last one month and is currently quoting at 55128.4, down 0.1% on the day. The volume in the stock stood at 84.54 lakh shares today, compared to the daily average of 79.81 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 173.88, up 3.22% on the day. Union Bank of India is up 27.2% in last one year as compared to a 9.55% fall in NIFTY and a 1.69% fall in the Nifty Bank index.
The PE of the stock is 6.45 based on TTM earnings ending June 26.
PSU Bank shares witnessed selling pressure for second consecutive trading session.
At 12:25 IST, the barometer index, the S&P BSE Sensex declined 447.84 points or 0.59% to 76,067.59. The Nifty 50 index declined 133.40 points or 0.57% to 23,763.20.
In the broader market, the BSE 150 MidCap Index fell 0.56% and the BSE 250 SmallCap Index rose 0.05%.
The market breadth was negative. On the BSE, 1,946 shares rose and 2,316 shares fell. A total of 281 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.03% to 11.22. The Nifty 29 September 2026 futures were trading at 23,882, at a premium of 118.8 points as compared with the spot at 23,763.20.
The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 62.7 lakh contracts at the 24,000 strike price. A maximum put OI of 71.5 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty PSU Bank index fell 1.28% to 8,406.10. The index declined 1.71% in the two consecutive trading sessions.
Bank of India (down 2.15%), Union Bank of India (down 1.79%), Indian Overseas Bank (down 1.34%), State Bank of India (down 1.33%), Bank of Baroda (down 1.22%), Indian Bank (down 1.18%), Punjab National Bank (down 1.03%), Canara Bank (down 0.88%), UCO Bank (down 0.85%) and Punjab & Sind Bank (down 0.73%) declined.
Stock in Spotlight:
Sudarshan Pharma Industries was locked in 5% upper circuit after the company said that its board has approved a proposal to acquire 24,23,675.64 equity shares of common stock, equivalent to 9.50% stake of MedTherapy Biotechnology Inc.
ICICI Bank Ltd fell 1.75% today to trade at Rs 1451.1. The BSE BANKEX index is down 0.56% to quote at 65524.41. The index is up 2.07 % over last one month. Among the other constituents of the index, State Bank of India decreased 0.88% and Union Bank of India lost 0.74% on the day. The BSE BANKEX index went up 6.08 % over last one year compared to the 2.61% fall in benchmark SENSEX.
ICICI Bank Ltd has added 5.08% over last one month compared to 2.07% gain in BSE BANKEX index and 2.63% rise in the SENSEX. On the BSE, 13679 shares were traded in the counter so far compared with average daily volumes of 8.29 lakh shares in the past one month. The stock hit a record high of Rs 1479.9 on 20 Jul 2026. The stock hit a 52-week low of Rs 1187.55 on 02 Apr 2026.