https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Punjab National Bank posts Net Profit of Rs. 308 crores in first quarter of FY21

Indian Masterminds Stories

Punjab National Bank, India’s second-largest public sector bank has recorded a Net profit of INR 308 crore. Global Business of the bank reached Rs. 17,96,612 Crore.
The bank announced on August 22 its financial result for the Quarter ended 30th June 2020. In a statement it said that the amalgamation process is on course with the rollout of verticalized organizational structure, completion of harmonization of process, augmented capacity, capability, and outreach. Bank’s operating profit grew by 2.5% on a YOY basis to Rs. 5,280 Crore in Q1 FY’21.
CRAR as on June 30, 2020, improved to 12.63%. Gross NPA ratio is at 14.11% as on June 20 as against 15.49% in June 19. Net NPA ratio reduced to 5.39% as on June 20 down from 5.51% as on March 20 and 6.97% as on June 19. Provision Coverage Ratio (PCR) improved to 80.75% as on June 20 from 70.37% as on June 19.
Internet Banking users crossed 233 Lakh. UPI transactions increased by 76% YOY to 19.16 Crore. POS installed increased YOY by 17.78% to 88,204. Bharat/BHIM QR Code installed increased YOY by 139% to 1,73,958.

The bank has rolled out a verticalized organization structure to improve operational efficiency and provide steady growth momentum. Business and control functions have been segregated to have a focused approach for business development and improve customer service. Departmental Verticals at Head Office have been re-organized, and the number of Zonal Offices & Circle Offices have been increased to 24 and 161, respectively. 57 Customer Acquisition Centers for focusing on liability business from Corporates, Institutions, HNIs, NRIs including Wealth Management and Retail Business.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
gghghghg
Defence Acquisition Council Approves Rs 79,000 Crore for Advanced Military Systems to Boost India’s Defence Capabilities
Bank_of_Baroda_signed_agreement_
Bank of Baroda Enhances Maharashtra Vital Statistics Operations with Advanced Agency Banking Integration
_BPCL_IandC_team_
BPCL Launches ‘Suraksha Bandhan’ Safety Initiative, Reaching Over 12,000 People Across India
Bank of Baroda
Financial Results: Bank of Baroda Board to Approve Q2 and Half-Year Unaudited Financial Results on October 31, 2025
Sandeep Lathar
Political Pressure Behind ASI’s Suicide? Wife Accuses IPS Officer’s Family, MLAs in FIR, Seeks CBI Inquiry
Special Campaign 5.0
Swachhata Takes Centre Stage: Government Launches ‘Special Campaign 5.0’ across Key Ministries to Clear Backlogs & Boost Office Hygiene
Railtel
Results: RailTel to Announce Q2 Financial Results on October 29, Proposes Interim Dividend with November 4 Record Date
GRSE Garden Reach
Results: GRSE to Review Q2 Results on November 4, Eyes Interim Dividend with Record Date on November 11
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
WhatsApp Image 2025-10-16 at 15.16
The Many Facets of Former IRS Officer and Author, Giselle Mehta | Video Interview
IDES Saquib Alam
Beyond IAS and IPS: The Inspiring Work of an IDES officer | Video Interview 
ADVERTISEMENT
UPSC Stories
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Ankita Parashar RAS 2023
4 Attempts, 1 Dream, 0 Excuses: Meet RAS Topper Ankita Parashar, Who Fulfilled a Daughter’s Promise & Secured Rank 2 | Exclusive Interview
Ankita Parashar, a teacher-turned-officer from Pushkar, fulfilled her late father’s dream by securing...
Kushal Chaudhary RAS
From Lab Assistant’s Grit to Rajasthan Topper: How Kushal Chaudhary Topped RAS 2023 with Self-Study | Preparation, Strategy & Interview
Kushal Chaudhary, a farmer’s son and lab assistant from Ajmer, topped RAS 2023 through self-study, overcoming...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
gghghghg
Defence Acquisition Council Approves Rs 79,000 Crore for Advanced Military Systems to Boost India’s Defence Capabilities
Bank_of_Baroda_signed_agreement_
Bank of Baroda Enhances Maharashtra Vital Statistics Operations with Advanced Agency Banking Integration
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
WhatsApp Image 2025-10-16 at 15.16
IDES Saquib Alam
ADVERTISEMENT
ADVERTISEMENT