Kolkata, Jan 22 (IANS) State-run Punjab National Bank Sunday said its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12, registering a year-on-year (YoY) growth of 22 percent.
The bank’s deposits at the end of December 2011, amounted to Rs.3.58 lakh crore compared to Rs. 2.89 lakh crore in December 2010, posting a growth of 24 percent, bank chairman and managing director (CMD) K.R. Kamath said on the occasion of celebrating the bank’s 100 years of service to eastern India.
The bank’s advances at Rs 2.64 lakh crore grew by 19 percent year-on-year from Rs 2.21 lakh crore at the end of December 2010, he said.
The CASA deposits increased to Rs 1.26 lakh crore in December 2011 from Rs 1.12 lakh crore, registering a growth of 12 percent.