Friday, July 26, 2013


Punjab National Bank  reported in its first quarter results of 2013-2014 net profit at Rs 1,275 crore, net interest margins remains high at 3.252%, the  significant surge in spite of fiscal crisis  this quarter with an  alarming non-performing assets (NPAs) has its impact but with strategy to lure bulk deposits,education and consumer finance the bank maintained its dignified results said while briefing media, the  CMD Mr K R Kamath today in New Delhi.
PNB Chairman and Managing Director Mr K R Kamath said after announcing first quarter numbers
Total business above Rs 7.01 Lac Cr.
Domestic CASA  share 39.63%.
Net Interest Margins remains high at 3.252%.
Return on assets stood at 1.04%.
Book Value per share increased to Rs 920/
Net interest income or the difference between interest earned and paid out, grew by 5.7 percent year to year  to Rs 3,907 crore.
CMD Mr K R Kamath further said Punjab National Bank is initiating this year to open 500 more branches on question of  bank’s strategy to its expansion plan. Bank is requesting  Rs 1,500 crore capital support from the government to enhance its capital base. Government’s present stake is 58 percent which will enhance in proportion.

Kargil Victory Day

CM pays tribute to martyr jawans

Chief Minister Narendra Modi, on the occasion of Kargil Victory Day, paid tribute to the martyr jawans of Indian military force. “Let us salute the jawans who sacrificed their lives for service of nation”, he said.

Mr. Modi, on the 14th anniversary of the Kargil Victory Day, conveyed his remembrance for the martyr jawans on Twitter.    

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