Punjab National Bank Jobs for Company Secretary Agm 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 6809 branches and 9669 ATMs as on 30th June16. Today the Bank stands tall amongst nationalized banks in major financial parameters i.e., Global Business, Domestic Business, Domestic Deposits, Net Advances, CASA Deposits Savings Deposits and Operating Profit.

The Global Business of the Bank at Rs 945526 crore grew by 5.2% on YoY basis as on 30th June16. Within the liability side, the Banks Global Deposits at Rs 553952 crore was above the March16 level with a YoY growth of 7% in June16. This was on account of 12.1% growth in CASA Deposits which crossed Rs 2,00,000 crore. The Bank has recorded consistently higher CASA share to Domestic Deposits which stood at 41.39% as on 30th June16. The Saving Deposits of the Bank at Rs 171122 crore as on 30th June16 grew by 14.4% on yearly basis.

On the assets side, Net Advances of the Bank recorded reached Rs 391574 crore and registered growth of 2.8% on yearly basis as on 30th June16. Within the asset side, the Bank placed a special focus on small ticket advances i.e., Retail, MSME and Agriculture credit. As a result of this, the share of small ticket advances to Domestic Non Food Credit increased from 56.1% in June15 to 58.9% in June16. The Bank reported 19.7% growth in Retail credit, 9.9% in Agriculture advances and 8.4% in MSME credit as on 30th June16.

In terms of Bottom Line parameters, the Bank has witnessed turnaround to Net Profit of Rs 306 crore in Q1 FY17. The Banks Operating Profit also increased from Rs 3132 crore in Q1 FY16 to Rs 3275 crore in Q1 FY17. This was due to robust growth in Non Interest Income (68.5% on YoY basis). The Banks Trading Profit increased from Rs 237 crore in Q1FY16 to Rs 601 crore in Q1FY17 and Recovery in written off accounts increased from Rs 217 crore in Q1FY16 to Rs 727 crore in Q1 FY17.