Annual Report 2007-2008 of Punjab and Sind Bank

It is a broadly described annual report of Punjab & Sind Bank in the year of 2007-2008. During the financial year, The Bank’s total business of the Bank stood at Rs. 43240.42 Crore against Rs. 31266.82 Crore as on 31^st March 2007, recording a growth of 38.30% over the last year. Total deposits of the Bank registered a growth of 28.54% with the net accretion of Rs. 5512.65 Crore, to reach Rs. 24831.41 Crore as on 31^st March 2008 from Rs. 19318.76 Crore as on 31^st March 2007. The Bank recorded net Profit for the year amounting to Rs. 382.36 Crore, which is 74.97% more than the previous year profit of Rs. 218.53 Crore.

The Bank made provisions @ 35%, 65% & 100% in NPAs of 1^st year, 2^nd year and 3^rd year as against the regulatory requirement of 10%, 20% and 30% of secured advances respectively.

More Annual Report of Punjab & Sind Bank: