PUNJAB NATIONAL BANK ATM
Banks And Atm
Contact Details:
Send Enquiry Form
Address: Opp. Aroma hotel,Sainik rest House,, Sector 21D, Sector 21 D, Sector 21, Chandigarh, 160022
Phone Number: +91-800-1032222 +91-800 -1802345 +91-120-4616200
Email ID: care@pnb.co.in
Website: https://www.pnbindia.in/
Products Services: Punjab National Bank, India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorised capital of Rs 2 lac and working capital of Rs 20,000. The far-sighted visionaries and patriots like Lala Lajpat Rai, Mr. E C Jessawala, Babu Kali Prasono Roy, Lala Harkishan Lal and Sardar Dyal Singh Majithia displayed courage in giving expression to the spirit of nationalism by establishing the first bank purely managed by the Indians with Indian Capital.
Business Performance:During the long history of over 122 years of the Bank, 7 banks have merged with PNB and it has become stronger and stronger with a network of 6888 Domestic branches and 9997 ATMs as on 31st December 2016. The Bank in Q3 FY’17 crossed many milestones enumerated below:The Bank has recorded consistently higher CASA share to Domestic Deposits which stood at 47% as on 31st Dec’16 with a growth of 32.8% on YoY basis. The Saving Deposits of the Bank at Rs 2,21,997 crore as on 31st Dec’16 grew by 37.5% on YoY basis.
On the assets side, Net Advances of the Bank at Rs 3,85,727 crore showed a decline of 1.8% on yearly basis as on 31st Dec’16. Within the asset side, the Bank placed a special focus on small ticket advances i.e., Retail, MSME and Agriculture credit. As a result of this, the share of small ticket advances to Domestic Non Food Credit increased from 55.0% in Dec’15 to 56.6% in Dec’16.
In terms of Bottom Line parameters, the Bank’s Operating Profit increased from Rs 2918 crore in Q3 FY’16 to Rs 3155 crore in Q3 FY’17 and Net Profit stood at Rs. 207 crore showing an increase 306.2% in Dec’16 over Dec’15. This was due to robust growth in Non Interest Income (50.5% on YoY basis in Q3 FY’17 over Q3 FY’16). The Bank’s Trading Profit increased from Rs 298 crore in Q3FY’16 to Rs.516 crore in Q3FY’17 and Recovery in written off accounts increased from Rs. 519 crore in Q3FY’16 to Rs.937crore in Q3 FY’17.
In terms of key financial ratios, the Cost of Deposits moved southward from 5.81% in Q3 FY’16 to 5.31% in Q3 FY’17. The Bank has been able to maintain its Capital Adequacy Ratio above the regulatory requirement. The Bank’s CRAR stood at 11.62% which constituted Tier I ratio of 8.84% and Tier II ratio of 2.78%.
The Bank’s Gross NPA and Net NPA stood at Rs.55,628 crore and Rs.34,994 crore, respectively as on 31st Dec’16. In terms of ratios, the Gross NPA and Net NPA ratio stood at 13.70% and 9.09%, respectively.
Facebook:
Not Found? Create Facebook Page
Maps & Location:
Send Enquiry Form
Owner of this business listing? Claim this page or update using this link or Contact Us.