Company Profile For Punjab National Bank

Punjab National Bank (the Bank) is an India-based bank. The Bank offers banking products, and also operates credit card and debit card business, bullion business, life and non-life insurance business, and gold coins and asset management business. During the fiscal year ended March 31, 2009, the Bank opened 168 branches, out of which 90 were new branches and 78 branches were added through upgradation of extension counters. With 4665 offices, including 238 extension counters, the Bank has a network of nationalised banks, including 124 specialised branches, i.e. 50 branches for micro, small and medium enterprises; 11 international banking branches; 12 asset recovery management branches; 10 mid-corporate branches; seven large corporate branches; eight trade finance branches; five high-value branches; four retail lending branches; 12 agriculture finance branches; two personal banking branches; two capital market services branches, and one international service branch.

BRIEF: For the fiscal year ended 31 March 2009 , Punjab National Bank's interest income increased 35% to RS197.78B. Net interest income after loan loss provision increased 24% to RS61.84B. Net income increased 45% to RS31.97B. Net interest income reflects an increased income on investment, and higher interest income on advances, was partially offset by a rise in interest expense. Net income also reflects an increase in income from exchange fluctuations.