Punjab National Bank Jobs for Bank Dgm Post in Delhi

Punjab National Bank, Indias first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorised capital of Rs 2 lac and working capital of Rs 20,000. The far-sighted visionaries and patriots like Lala Lajpat Rai, Mr. E C Jessawala, Babu Kali Prasono Roy, Lala Harkishan Lal and Sardar Dyal Singh Majithia displayed courage in giving expression to the spirit of nationalism by establishing the first bank purely managed by the Indians with Indian Capital.

During the long history of over 121 years of the Bank, 7 banks have merged with PNB and it has become stronger and stronger with a network of 6690 branches and 9463 ATMs as on 31st March16. Today the Bank stands tall amongst nationalized banks in major financial parameters i.e., Global Business, Domestic Business, Domestic Deposits, Domestic Advances, CASA Deposits Savings Deposits and Operating Profit.

On the liability side, with continuous focus on the low cost deposits, the Bank has achieved the milestone of Rs 2,00,000 crore during FY16. CASA deposits grew by 11.9% on YoY basis as on 31st March16. This growth was supported by the Saving Deposits which reached Rs1.69 lakh crore (YoY growth 12.8%) and Current Deposits which touched Rs 36157 crore (YoY growth 7.7%). Within Advances, the share of small ticket advances i.e., Retail, Agriculture and MSME to Domestic Non Food Credit increased from 55.6% in March15 to 56.0% in March16.

In terms of Bottom-line parameters, the Banks Operating Profit at Rs 12216 crore during FY16 stood highest amongst Nationalized Banks. In fact, PNB is the only bank amongst nationalized banks to have Operating Profit over Rs 10,000 crore for five consecutive years. However, the increased provisioning requirement for NPAs resulted into Net Loss of Rs 3974 crore in FY16 as compared to Net Profit of Rs 3062 crore in FY15.

In terms of key financial ratios, the Banks Domestic Net Interest Margin at 2.95% during FY16 was one of the highest amongst nationalized banks. Due to reduction in bulk deposits, the Cost of Deposits moved southward from 6.09% in FY15 to 5.85% in FY16. Further, the Cost to Income ratio also improved from 46.74% in FY15 to 44.94% in FY16. The Bank has been able to maintain its Capital Adequacy Ratio above the regulatory requirement. The Banks CRAR stood at 11.28% which constituted Tier I ratio of 8.41% and Tier II ratio of 2.87%.

The Banks Gross NPA and Net NPA stood at Rs 55,818 crore and Rs 35,423 crore, respectively as on 31st March16. In terms of ratios, the Gross NPA and Net NPA ratio stood at 12.90% and 8.61%, respectively.

The Bank laid specific focus on recovery of the bad debts to arrest the fresh slippages and proactive monitoring of loan portfolios across businesses. The Bank has created a War Room at Head Office wherein round the clock NPA monitoring is undertaken in a systematic manner. The Bank has also taken other steps such as Debt Recovery Tribunal Cases Monitoring System, SARFAESI tool Portal, Online Portal for monitoring of DRT Cases, E-auction campaign, Mega Campaign Of Sale Of Secured Assets-22.02.16 to 17.03.16, etc. to speed up recovery.