The bank's net interest income grew about 20% to ₹9,923 crore during the second quarter of current fiscal, while operating profit grew 12% to ₹6,216 crore.
Punjab National Bank MD & CEO Atul Kumar Goel said credit cost will reduce in the coming quarters and profitability of the bank will increase. The net interest income, net profit, and operating profit are highest in the past 14 quarters, he said. "RAM (Retail, agri and MSME sectors) will be the focus areas of PNB. In the first half of current fiscal (Apri-September), we achieved a profitabiity of over ₹3,000 crore. I am hopeful that we will be able to maintain the same profitability in the third and fourth quarters," Goel told reporters. The bank will open 100-150 new branches in the current fiscal, he added.
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Air at 8 out of 10 hot spots hasn't improved much in 5 years: Data
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MCD LIKELY TO AGAIN PUSH FOR INCREASING PARKING FEE
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Air very poor’ for 13 straight days
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Take call on permanent firecracker ban: SC
The Supreme Court on Monday said that no religion wants to promote pollution, stressing that every citizen has a fundamental right to live in a pollution-free environment and giving the Delhi government two weeks to decide on whether the Capital should have a permanent ban on firecrackers throughout the year.
The road ahead for the Chief Justice
Justice Sanjiv Khanna's appointment as the 51st Chief Justice of India on Monday marks a pivotal moment for the Supreme Court.
JUSTICE KHANNA TAKES OATH AS INDIA'S 51ST CJI
Justice Sanjiv Khanna took oath as the 51st Chief Justice of India (CJI) on Monday, with President Droupadi Murmu administering the oath of office at a ceremony held at Rashtrapati Bhavan.
RG KAR CASE TRIAL BEGINS IN CAMERA THREE MONTHS AFTER GORY CRIME
The in-camera trial in the August 9 rape and murder case of a trainee doctor commenced in a local court in Kolkata on Monday, three months after the medic's body was found inside the state-run RG Kar Medical College and Hospital.
VISTARA FLIES INTO THE SUNSET AFTER AIR INDIA MERGER
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HC REFUSES RELIEF TO TYTLER, SAYS PROCEEDINGS WILL CONTINUE
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Shah promises panel to drive out 'infiltrators' from J'khand
Infiltrators grab land in Jharkhand by marrying tribal women and the Bharatiya Janata Party (BJP) will form a panel to identify them and drive them out of the state if voted to power in the upcoming assembly elections, Union Home Minister Amit Shah said on Monday.
