 Online edition of India's National Newspaper Thursday, May 21, 2009 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
| Business |
|
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary |
Business
MILESTONE: Punjab National Bank Chairman and Managing Director K. C. Chakrabarty (right) with Executive Director M. V. Tanksale at a press conference in New Delhi on Wednesday. NEW DELHI: Punjab National Bank (PNB) on Wednesday reported a 59 per cent jump in its net profit at Rs. 865 crore for the fourth quarter ended March 31, 2009, against Rs. 544 crore in the year-ago period. Total income rose by 38 per cent to Rs. 6,098 crore. The board has declared a dividend of Rs. 20 per share of the face value of Rs. 10 each, for 2008-09. For the fiscal ended March 31, 2009, the bank posted a 51 per cent growth in net profit at Rs. 3,090.90 crore against Rs. 2,048.80 crore in the previous year. Highlighting the performance of the bank, Chairman and Managing Director K. C. Chakrabarty, told reporters here on Wednesday that for the full year, the net profit crossed the Rs. 3,000-crore level to reach Rs. 3,091 crore which again was the highest among nationalised banks. The bank, he said, achieved this milestone even while being progressive in passing on the benefit of RBI’s easing monetary measures to its customers by offering one of the lowest BPLR and retail interest rates. Finalises joint ventureIn addition to this, Mr. Chakrabarty said, the bank had in place RBI approval for opening a subsidiary in Canada, an offshore banking unit in Singapore and a branch at DIFC, Dubai. It has also finalised a joint venture bank in Bhutan with local partners and plans to upgrade its representative offices in Norway and Shanghai to branches. To meet the increasing future demand on IT systems, the bank has taken steps to upgrade infrastructure which will ensure better processing time.
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |
Copyright © 2009, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|