For the convenience of residents of Mohali, state-owned Punjab National Bank (PNB) and Municipal Corporation Mohali, have joined hands together to launch online collection of property tax system. This new system will automatically calculate property tax payable on simply entering property details.
Punjab National Bank has reported a fall of 52.56% in its net profit at Rs 505.49 crore for the quarter ended September 30, 2013 as compared to Rs 1065.58 crore for the same quarter in the previous year. However, total income of the bank increased by 2.63% at Rs 11632.84 crore for quarter under review as compared to Rs 11335.17 crore for the quarter ended September 30, 2012.