ABOUT THE INITIATIVE

Policy Proposals For India is a continuously evolving research effort that aims to reach out to academics, researchers, media professionals and policy makers at all levels in government and corporate sectors of India. The website essentially focuses on some of the most challenging issues the country is facing, and at the same time offers concrete policy suggestions that can help them in achieving rational outcomes in their endeavours. It houses articles on topics as wide as public administration, strategic affairs, economy, social development, education, health, environment and science & technology.

Report a problem Print this page Email this page Tell a friend


Punjab National Bank declares Q3 (FY 2017-18) Results


Operating Profit for Dec’17 quarter increased to Rs 4245 Cr in Dec’17 up from Rs 2781 Cr in Dec’16 quarter i.e. YoY increase of 52.7%. Net Profit for Dec’17 Quarter stood at Rs 230 Cr up from Rs 207 Cr as on Dec’16 quarter.

By PPFI Team

Febuary 06, 2018

Shri Sunil Mehta, Managing Director & CEO, Punjab National Bank declared quarterly results of the Bank alongwith Shri K.V. Brahmaji Rao, Dr. Ram S Sangapure and Sh. Sanjiv Sharan, Executive Directors of the Bank.

Punjab National Bank’s Gross Business crossed Rs 11 lac Cr in Dec’17. Global Deposits of the Bank recorded a yoy growth of 5.9% to reach Rs 647998 Cr as on Dec’17. CASA deposits increased to Rs 267685 Cr in Dec’17 recording a yoy growth of 1.9%. CASA share stood at 45.52 % as on Dec’17.

Global Net Advances increased to Rs 452110 Cr in Dec’17 up from Rs 385727 Cr in Dec’16 and recorded a growth rate of 17.2%. Retail loans stood at Rs 74582 Cr as on Dec’17, growing 22.2% on yoy basis over Dec’16.

Operating Profit of the Bank for Dec’17 quarter increased to Rs 4245 Cr in Dec’17 up from Rs 2781 Cr in Dec’16 quarter i.e. YoY increase of 52.7%. Net Profit for Dec’17 Quarter stood at Rs 230 Cr up from Rs 207 Cr as on Dec’16 quarter with a yoy growth rate of 11.1%.



The Bank witnessed decline in Cost of Deposit to 5.00% in 9MFY’18 from 5.38% in 9MFY’17. Cost of funds also declined from 4.66% in 9MFY’17 to 4.36% in 9MFY’18. The Provision Coverage Ratio (PCR) of the Bank improved to 60.78% as on Dec’17 from 54.96% in Dec’16. As on Dec’17, Gross NPAs ratio reduced to 12.11% from 13.31% at the end of Sept’17. Net NPA ratio reduced to 7.55% in Dec’17 from 8.44% in Sept’17. The GNPA and NNPA ratios are below Mar’17 level.

The Bank launched “MISSION PARIVARTAN” i.e. People, Processes & Products transformational exercise for business excellence in June 2017 that encompasses ten focus areas aimed at improved efficiency, productivity and profitability.

The Bank took various initiatives in human resources development by keeping employee morale high through the inclusion of employees’ voice in decision making e.g “Lead the Parivartan”. Reverse Mentoring concept for Select Top Officials is being implemented as a tool of Decision Support System and knowledge sharing. Proficiency Database was introduced to capture the functional expertise of senior officials in various roles/profiles. Bank has also introduced 360 degree employee evaluation process as a development and performance application tool that includes feedback from senior, peer and junior employees based on competency framework.



Custom Search
Comments on the article
Be the first to comment


Post your Comments
We invite you to add to the policy suggestions on the issue dealt with in the above article by filling this form. Your suggestions are moderated and you will receive an email from us as soon as your comment is made live.

Please mention the title of the essay you are commenting on the top, while filling the comments form.


 
Name :
Occupation :
E-mail :
 
Comments :
Characters Left
Security Code :
1