INVC,,
Delhi,,
K.R. Kamath, Chairman & Managing Director, PNB presented RTGS credit advice of Rs. 218.68 crore being dividend for the financial year 2009-10 to Shri Pranab Mukherjee, Hon’ble Finance Minister, Govt. of India. Shri R. Gopalan, Secretary, Deptt. of Financial Services, Shri Mohan V. Tanksale & Shri Nagesh Pydah Executive Directors of the Bank were also present on the occasion. The total dividend for the year (Rs. 400.92 crore), including the interim dividend (Rs. 182.24 crore) of Rs. 10/- per share comes to Rs. 22/- per share i.e. 220% for the financial year 2009-10 as against Rs.20/- per share i.e. 200% for the preceding year paid by Punjab National Bank to the Govt. of India. The Govt. of India holding in the Bank is 57.8%. The net profit of the bank was Rs.3905 crore in the F.Y. 2009-10, as against Rs.3091 crore in the previous year recording y.o.y. growth of 26.4%.
PNB has achieved significant growth in total business which surged at the end of June 2010 to Rs 4,52,205 crore registering a growth of 20% y-o-y basis. Net profit of the bank registered a y-o-y growth of 28.4% to Rs.1068.29 crore, during First Quarter of FY 2010-11 as against Rs. 832.05 crore in the corresponding quarter of last year. During the quarter ended June, 2010, Operating profit of the bank increased to Rs.2098.17 crore from Rs.1569.34 crore, registering a growth of 33.7%. The bank’s return on asset was 1.38% as at the end of June, 2010, as compared to 1.31% at the end of June, 2009. Total deposit of the Bank at the end of June, 2010 amounted to Rs.2,55,335 crore as compared to Rs. 2,18,960 crore in June, 2009 registering a y-o-y growth of 16.6%. Similarly, advances of the Bank increased to Rs.1,96,870 crore as compared to Rs. 1,57,979 crore at the end of June, 2009, registering a growth of 24.6%.
PNB has always looked at technology as a key facilitator to provide better customer service especially to youth segment, bank has implemented CBS in its 4921 service outlets, covering 100% of its business to facilitate “anytime, anywhere” banking to its clients. The bank has also been offering Internet banking services to the customers of CBS branches like booking of Railway and Air tickets, payment of utility bills, transfer of funds through RTGS & NEFT facilities, online share trading facility etc. With 4952 domestic offices including 36 extension counters, the Bank has the largest network of offices amongst the nationalised Banks in the country.
To provide banking facilities, at a fair cost, to a vast majority of low income population, which is deprived of these facilities, the bank has opened 57.25 lac “No Frill” accounts.
