Punjab National Bank plans to set up Farmer Training centre in Andhra Pradesh: Report

Punjab National Bank (PNB), India's fourth-biggest state lender by assets, is reportedly planning to set up a Farmer Training centre (FTC) in Andhra Pradesh. The bank had been running 10 such FTCs across the country to help farmers by providing necessary training in modern agriculture methods and technology for optimum productivity with limited investment. By using better seedlings, fertilisers and pesticides, and with an integrated farming approach, agriculture productivity can be improved.

The bank has reported 7.94% rise in its net profit at Rs 621.03 crore for the quarter ended September 30, 2015 as compared to Rs 575.34 crore for the same quarter in the previous year. The bank’s total income has increased by 5.23% to Rs 13701.93 crore for the quarter under review from Rs 13020.46 crore for the corresponding quarter of the previous year.