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| PNB registers impressive growth in Kerala |
| Press Trust of India / Kozhikode May 23, 2009, 13:23 IST |
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Punjab National Bank (PNB) has recorded an impressive growth of 24 per cent in its total business in Kerala during the previous fiscal ending March 31 2009, a top bank official said.
"The bank's total business stood at Rs 3,759 crore compared to previous year's Rs 3,027 crore," PNB General Manager, Kerala Circle, Krishnan Ramiah told reporters here last night.
While deposits increased to Rs 2,120 crore, registering 27.61 per cent year-on-year growth, advances stood at Rs 1,639 crore as against Rs 1,366 crore during the previous year, he said.
Priority sector advances went up from Rs 863 crore in March 2008 to Rs 1,040 crore in March 2009 and agriculture credit registered an impressive year-on-year growth of 74 per cent amounting to Rs 295 crore, he said.
The focus was primarily on retail business, which resulted in an encouraging customer-driven growth, he said.
A sum of Rs 467 crore was disbursed as housing loan, which was 48 per cent of the retail credit, he said, adding Rs 96 crore was given as students' loan benefitting a total of 6,900 students.
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