Electrosteel Castings Net Vaults 146.20%

PNB Housing Finance (PNBHF), a wholly-owned subsidiary of the Punjab National Bank, recorded an income of Rs 33.17 crore in 1996-97 compared with Rs 19.02 crore in the previous year. The company's net profit after tax touched Rs 9.86 crore. A 15 per cent dividend has been recommended for 1996-97. The net worth of the company has also improved to Rs 24.50 crore as against Rs 16.29 crore in the previous year. While loans sanctioned by the company during the year increased by 95 per cent, loans disbursed rose by 31 per cent. Deposits grew by 50 per cent. Housing loans outstanding as on March 31, 1997, was Rs 134.13 crore and public deposits outstanding Rs 130.05 crore. The total non-performing assets of the company have come down drastically to Rs 13 lakh which constitute only 0.1 per cent of the total assets.