STOCK MARKET BSE NSE

PNB registers profit of Rs 3,460 Crores

THIRUVANANTHAPURAM: The Punjab National Bank (PNB) registered a net profit of Rs 3,460 crore  during the nine months that ended on December 31. The growth rate is 7 per cent. Operat

Published: 13th February 2012 06:59 AM  |   Last Updated: 16th May 2012 05:55 PM   |  A+A-

THIRUVANANTHAPURAM: The Punjab National Bank (PNB) registered a net profit of Rs 3,460 crore  during the nine months that ended on December 31. The growth rate is 7 per cent.

Operating profit of the bank during the nine months of this fiscal is Rs 7,678 crore, posting an increase of 17.3 per cent. Total business of the bank stood at Rs 6,19,122 crore, of which deposits were worth Rs 3,56,517 crore and advances Rs 2,62,605 crore. Total assets of the bank stood at Rs 4,21,873 crore and book value of shares stood at Rs 741.80, registering a growth of 20.2 per cent.

Retail loans outstanding crossed Rs 26,000 crore and priority sector advances stood at Rs 82,090 crore.

The bank authorities said that they had initiated various schemes to support the rural population and farmers. “The bank has issued 39.7 lakh Kisan Credit Cards till December 31. Limit per Kisan Card is up to Rs 20 lakh. MSME sector crossed Rs 52,300 crore, showing a growth of 18.55 per cent,” they said.

“Extending a helping hand to indebted agriculturists, the bank also offers ‘PNB Krishak Saathi’ under its Debt Swap Scheme. Under this scheme, the bank has financed Rs 438 crore to 58,900 persons during April - December 31, trained 12,703 individuals through PNB Centenary Rural Development Trust and another 66,029 through 10 Farmers’ Training Centres.

The bank conducted 26 Human Health Check-up Camps, 73 Animal Health Check-up Camps and adopted 118 villages. In yet another initiative for supporting the weaker sections of the society, the Bank opened 78.16 lakh no-frill accounts,” said the officials.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp