According to a news item appearing in The Economic Times, Punjab National Bank has grown bigger than private sector giant ICICI Bank, to become the country's second largest lender in terms of total business. PNB’s total business was at Rs.435000 crores for 2009-10 as against ICICI Bank’s 383223 crore.
Besides, other public sector lender like Bank of Baroda and Canara Bank also surpassed the Rs 4 lakh crore figure during the year ended March 2010.
PNB's deposits at the end of March 2010, rose by 18.9 per cent to Rs 2,49,330 crore while advances jumped 20.6 per cent to Rs 1,86,601 crore.
The state-owned lender expects to clock 20 per cent increase in total business during the current fiscal. At the same time, credit expansion expected in the range of 22-24 per cent in 2010-11.
+1.jpg)
0 comments
Post a Comment