NEWS & ADVICE : HOME LOANS
PNB sets ambitious target of Rs. 10 lac crore business by 2013
By Joseph Samson
Feb 23, 2010
Print    Email    RSS   

The country's second largest public sector lender, Punjab National Bank has set an acquisitive target of achieving Rs. 10 lakh crore business by the year 2013.According to chairman and managing director of PNB, Kasargod Ramachandra Kamath, it has targeted itself to this benchmark from the Rs 4 lakh crore business which it has earned as on December 2009.

The bank had earned a net profit of Rs. 1,011 crore in the last quarter. It is planning to expand its customer base of 46 million to 150 million by 2013, Mr. Kamath said.

"The Bank has set up a target of Rs 10 lakh crore business by March 2013 and expand its customer base from 46 million to 150 million by 2013," Kamath said.

Mr. Kamath also added that most of the banking expansion will take place using IT, thereby providing ‘seamless banking services' to customers.

"The gross profit for the last nine months was Rs 4,994 crore and net profit during the period was Rs 2,770 crore. During the last three months we earned an operating profit of Rs 1,818 crore and a net profit of Rs 1,011 crore," he quoted.

He also added that PNB currently has 4, 894 branches and very soon it will cross the 5,000 threshold.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Admissible deductions under Section 80C
7 most common Home Loan problems faced by...
Tips to buy an ‘under construction’ home
A chronicle of excesses by loan recovery...
NRI Home Loan: A friend for the non-residents


[+27737230265] ((((((CYTOTEC PILLS AVAILABLE IN...
[?[?[GLOBALLY IN Randburg}]?] [+27737230265] Buy...
HOT NEWS +27737230265 abortion pills in Dubai?,...
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive