NEWS & ADVICE : FIXED DEPOSITS
PNB overtakes ICICI Bank to become the second largest lender of the countr
By Neelima Shankar
May 7, 2010
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Public sector lender PNB has ruled out banking giant ICICI Bank to become the second largest lender of the country. The ranking here is in terms of total business.

The bank has declared its total business to amount to over Rs. 4,35,000 crore for the fiscal last ended. The total business amounts to total loans and deposits of the bank for the particular fiscal.

The total business of ICICI Bank amounts to Rs. 3,83,223 crore for FY10 in comparison to Rs 4,36,659 crore which it had at the end of 2008-09.

SBI still continues to be the unbeaten number one lender of the country. SBI has a total business amounting to over Rs 13,78,000 crore for the nine-month period ended December 2009, itself. The amount for the entire business is yet to be declared.

Public sector lenders like Bank of Baroda and Canara Bank have also crossed the Rs 4 lakh crore figure during the year ended March 2010.

PNB has declared a total deposit amount of Rs 2,49,330 crore as on March 2010 while total advances amounted to Rs. 1,86,601 crore. The deposits have shown a 18.9% rise while advances have jumped by 20.6%.

The bank has credit expansion plans in the range of 22-24 per cent in 2010-11.


 


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