Annual Report 2006-2007 of Punjab and Sind Bank

It is a broadly described annual report of Punjab & Sind Bank in the year of 2006-2007. During the financial year, The Bank’s total business stood at Rs. 31266.83 Crore against Rs. 26724.50 Crore as on 31^st March 2006, recording a growth of 17% over the previous year. The total deposits of the Bank have gone up from Rs. 16924.58 Crore as on 31^st March 2006 to Rs. 19318.76 Crore as on 31^st March 2007, registering a growth of 14.15%. The operating profit of the Bank increased to Rs. 472.44 Crore as against Rs. 267.60 Crore of the last year registering a growth of 76.55%. The net profit of the Bank at Rs. 218.53 Crore is the highest ever and has more than doubled over the previous year figure of Rs. 108 Crore. The ROA has exceeded 1% and is now at 1.01% against 0.64% last year.

The paid-up capital of the Bank remains unchanged at Rs. 743.06 Crore.

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