Annual Report 2013-2014 of Punjab National Bank

It is a broadly described annual report of Punjab National Bank in the year of 2013-2014. During the financial year, The Bank’s total business reached Rs. 8,00,666 Crore at the end of March 2014, registering an absolute increase of Rs. 1,00,310 Crore and a Y-o-Y growth of 14.3%. Bank’s total deposits amounted to Rs. 4,51,397 Crore as at the end of March 2014, showing an absolute accretion of Rs. 59837 Crore and a Y-o-Y growth of 15.3%. Operating Profit of the bank was Rs. 11384 Crore (Growth 4.4%). Net Profit of the bank for the year ended Rs. 3343 Crore (Growth -29.6%). The Book value per share increased from Rs. 884.03 in FY’13 to Rs. 952.50 in FY’14.

The Board of Directors of the bank has recommended a final dividend of Rs. 10/- (i.e. @100%) per equity share of Rs. 10/- each for the financial year 2014.

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