Punjab National Bank (PNB), a public sector commercial banking major has registered a 25 per cent growth in Kerala by doing a business of Rs 4,094 crore in the quarter ended September 2009, as against to Rs 3,266 crore during the corresponding period last year.
Deputy General Manager and Kerala Circle Head K K Shankar while making an announcement of the results told the reporters that this fiscal PNB deposits increased to Rs 2,221.13 crore, which is 19.6 per cent increase year-on-year as against Rs 1,854.60 crore last year.
He told the circle reported advances of Rs 1,873 crore in comparison to Rs 1,412 crore displaying a growth of 32.68 crore.
In the second quarter of this fiscal the circle profit increased by 32 per cent at Rs 19.58 crore as compared to Rs 14.88 crore during the corresponding period, he informed.
The bank is having 134 branches in the State, and has plans to open five more branches in Kozhikode, Guruvayoor, Trichur, Kollam and Kuttipuam by upgrading the extension counters. The bank will also set up three more ATMs at Meenchanda, Kunnamangalam and Kulapully this month after this the total number of ATMs will be 48 in the States, he told.
At the national level, the PNB has reported a 24.5 per cent growth by doing a total business of Rs 3,94,382 crore in the quarter ended September 2009 in comparison to Rs 3,16,747 crore in the corresponding period last year, he added.
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