Punjab National Bank (PNB), the public sector lender’s total business is likely to go beyond Rs 6 lakh crore in the third quarter ending December 31, 2011. At the end of second quarter the bank had achieved a total business of Rs 5.90 lakh crore, showing a year-on-year growth of 22.5% and the deposits grew by 25% to Rs 3.41 lakh crore and the advances by 19.3% to Rs 2.49 lakh crore.
By the end of this fiscal bank's deposits are expected to grow by 21-22% and credit by 19-20%, year-on-year and this will be around 2% more than the average industry growth rate.
PNB has crossed the total business to the tune of Rs 7,000 crore in the state of Kerala. With this the bank has registered a y-o-y growth of around 30% as on December 02, 2011.
Company Name | CMP |
---|---|
SBI | 829.90 |
Canara Bank | 118.90 |
Bank Of Baroda | 270.70 |
PNB | 125.05 |
Union Bank Of India | 146.65 |
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