The customer base is enlarged over the years and the requirement and demand are also undergoing a sea change in Banking Scenario. PNB’s Customers under Pragati Model are provided Service with Reduced Wait Time in Banking Transactions. With this background, PNB has decided to Transform its Branches to Pragati Model.
In Karnataka, so far, out of 15 Branches identified, 12 Branches are working under Pragati Model and the branch at Indira Nagar will be the 13th Pragati Branch. Two more branches at Gulbarga & Peenya Industrial Estate, Bangalore are also to be brought under Pragati Model soon.
Shri K. R. Kamath said that PNB has crossed a milestone of 6000 branches taking total number of branches to 6001 across length and breadth of the country.
He highlighted that these branches are equipped with all modern amenities and technologically upgraded with 100% CBS connectivity.
Performance Highlights of the Bank for Q1 FY’14:
• The business of the Bank remained above Rs.7,00,000 crore as at end June’13 while Overseas Business crossed Rs 50,000 crore registering YoY growth of 39.5%.
• The Bank’s Global deposits stood at Rs 3.97 lakh crore while Gross Global Credit remained reached Rs 3.11 lakh crore as at end June’13.
• CASA Deposits of the Bank close at Rs 1.50 lakh crore registered YoY growth of 12.6% which constituted 41.44% of Core Deposits. The major contributor to growth of low cost Deposits is Savings Deposits which reached Rs 1.23 lakh crore recording a reasonable YoY growth of 14.7%.
• Bank has consciously reduced its bulk deposits to Rs 34,954 crore as at end June’13 (YoY growth: -59.1%). Accordingly, the share of such Deposits to Total Deposits has been brought down from 22.16% as on 30th June’12 to 8.81% as on 30th June’13 which is one of the lowest in the Banking Industry.
• Credit Deposit Ratio increased to 76.88% as at end June’13 from 76.41% as at end June’12.
• Operating Profit of the Bank reached Rs. 2974 crore while Net Profit increased to Rs 1275 crore.
