Punjab National Bank
SBI Mutual Fund reduced its stake in Punjab National Bank from 2.35% to 2.26%, selling 1,04,27,441 shares. The fund now holds 25,99,76,106 shares in the public sector bank.
A government-owned banking institution headquartered in New Delhi, Punjab National Bank provides comprehensive financial services across retail, corporate, and commercial segments throughout India. As one of India's oldest Swadeshi banks, it operates an extensive branch network serving customers through traditional banking, digital platforms, and specialized financial solutions. The bank focuses on credit delivery, deposit mobilization, and financial inclusion across diverse customer bases and geographies.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.