PNB
Q1 net up 28 Per cent
Our
Banking Bureau
29 July 2004
New
Delhi: Punjab National Bank has declared a net profit
Rs 322.67 crore for the first quarter ended June 30, 2004,
against Rs 251.76 crore in the corresponding period last
year, a growth of 28.2 per cent.
Its
operating profit touched Rs 800.99 crore, up 34.7 per
cent over Rs 594.74 crore in the previous year.
Its
capital and reserves increased to Rs 5,332 crore (Rs
4,283 crore).
The
capital adequacy ratio at the end of June 2004 stood
at 12.74 per cent against 12.14 per cent in June 2003.
Total
business stood at Rs 1,38,528 crore (Rs 1,10,863 crore).
Total
deposits reached Rs 91,203 crore (Rs 72,786 crore).
Advances
stood at Rs 47,324 crore (Rs 38,077 crore).
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