Punjab National bank is projecting a 20% growth in deposits and advances in the current year. Despite the escalating rate of interests, the credit offtake is likely to remain stable as the actual disbursements will take place after a time lag.
On the sidelines of the 5th All India Conference of Punjab National Bank Officers Federation, the Chairman and Managing Director, K R Kamath told the reporters that the bank is on the verge of finalising the decision on providing training to the officers of scale 4 and above for strengthening their capabilities.
He mentioned that the officers retiring after 2020 would be provided training exposure and a headcount of 10,000 would be added across the various cadres to streamline the growing requirements of the bank.
