Financial Daily from THE HINDU group of publications
Thursday, Jul 29, 2004
Financial Daily from THE HINDU group of publications Thursday, Jul 29, 2004 |
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Money & Banking
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Financial Performance Corporate Results - Public Sector Banks PNB first-quarter net up 28 pc Our Bureau
New Delhi , July 28 PUNJAB National Bank has declared a net profit Rs 322.67 crore for the first quarter ended June 30, 2004, against Rs 251.76 crore in the corresponding period last year, a growth of 28.2 per cent. Its operating profit touched Rs 800.99 crore, up 34.7 per cent over Rs 594.74 crore in the previous year. Its capital and reserves increased to Rs 5,332 crore (Rs 4,283 crore). The capital adequacy ratio at the end of June 2004 stood at 12.74 per cent against 12.14 per cent in June 2003. Total business stood at Rs 1,38,528 crore (Rs 1,10,863 crore). Total deposits reached Rs 91,203 crore (Rs 72,786 crore). Advances stood at Rs 47,324 crore (Rs 38,077 crore).
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