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Punjab National Bank pays Rs. 182.24 crore interim dividend to Union Government
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merisarkar news service
New Delhi, February 25, 2010 |
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KR Kamath hands over the cheque to Finance Minister
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KR Kamath, Chairman & Managing Director of Punjab National Bank presented the cheque of an interim dividend of Rs.182.24 crore for financial year to union finance minister Pranab Mukherjee in New Delhi on Thursday.
Namo Narain Meena, Union Minister of State(Finance), R. Gopalan, Secretary, Deptt. of Financial Services, Ms. Ravneet Kaur, Joint Secretary & Govt. nominee Director on PNB Board, MV Tanksale and Nagesh Pydah, Executive Directors of the bank were also present on the occasion.
Punjab National Bank is the first Bank to pay Interim Dividend during the current financial year. This interim dividend has been paid @ of Rs. 10 per share that is 100% during financial year 2009-10. The Govt. of India holding in the Bank is 57.8%.
Punjab National Bank's turnover has crossed the milestone of Rs 4 lakh crore at the end of Dec 2009 to reach Rs 4,04,373 crore, registering a growth of 19.4% on year on year basis.
Total Deposits of the bank at the end of Dec'09 amounted to Rs 2,33,946 crore as compared to Rs. 1,97,069 crore in Dec’08, registering year on year growth of 18.7%.
Similarly Advances of the Bank increased to Rs. 1,70,427 crore as compared to Rs. 1,41,659 crore at the end of Dec’08, showing y-o-y growth of 20.3%.
The Bank's Net Profit registered a y-o-y growth of 24.5 % to reach Rs. 2770 crore during nine months ending Dec’09 of Financial year 2009-10 as against Rs. 2225 crore in the corresponding period last year. During the nine months ending Dec'09.
Bank with 100% CBS implementation has crossed milestone of 5000 CBS Service Outlets.
Punjab National Bank has an ambition plan to become number one bank in Indo-Gangetic plan by 2013.
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