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.