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Analysis of Financial Position of Punjab National Bank

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Analysis of Financial Position of Punjab National Bank
EXECUTIVE SUMMARY

Punjab National Bank was recognized by Dun & Bradstreet (2009) as the “ Top Public Sector Bank” under t including the category of “Priority Sector lending including Financial Inclusion.” Bank has also been conferred with the award by the institute for Development and Research in Banking Technology (IDRBT, 2008) for use of technology financial inclusion.
Bank constantly innovates, reorients strategies and realigns business processes with advanced technology to serve the customers better and earn strong brand salience, loyalty and recall. Total income of Bank increased by 36.8% to reach a level of Rs 22246 crore. Operating profit of Bank rose by 43.4% to Rs 5,744 crore. Total business of PNB stood at Rs 3,64,463 crore (y-o-y increase of 27.5%). Total income of Bank increased by 36.8% to reach a level of Rs 22,246 crore.
The Board Of Directors has recommended a Dividend of 200 % for the year 2008-09. Among Nationalized Bank, PNB has the largest network of 4668 offices, including 238 extension counters. All branches offer the Centralised Banking Solution, along with a variety of financial products catering to different market segments.
PNB has always looked at technology as a key facilitator to provide better customer service and ensured that its ‘IT strategy’ follows the ‘Business strategy’ so as to arrive at “Best Fit”. The bank has made rapid strides in this direction

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INTRODUCTION

INTRODUCTION ABOUT INDIAN BANKING SECTOR

Indian Banking sector is dominated by Public sector banks (PSBs) which accounted for 72.6% of total advances for all SCBs as on 31st March 2008. PSBs have rapidly expanded their foot prints after nationalization of banks in India in 1969 and further in 1980. Although there is a restrictive entry/expansion for private and foreign banks in India, these banks have increased their presence and business over last 5 years.
Peculiar characteristic of Indian banks unlike their western


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Indian Securities Market: A Review, Vol.-V. * Nayak, P.J (1995). ‘Reform of Indian Financial System ', in S.N.Zahid (ed.) Financial Sector Development in Asia, Asian Development Bank, Manila. * North, D. (1991). ‘Institutions’, Journal of Economic Perspectives, 5, pp.97-112. * Patil, R.H.(2000).’Broadbasing and Deepening the Bond Market in India’, Financial Institutional Center, Paper No. 01-32. * Rangarajan, C. (1998), Banking Sector Reforms: Rationale and Relevance, SICOM Silver Jubilee Memorial Lecture, Mumbai. * Reddy, Y.V. (1999). ‘Financial Sector Reform: Review and Prospects’, RBI Bulletin, January, 33-93. * Reddy, Y.V. (2000). Monetary and Financial Sector Reforms in India: A Central Banker’s Perspective, UBSPD. * Reddy, Y V (2002) Lectures on Economic and Financial Sector Reforms in India, Oxford University Press: India. * Reserve Bank of India (1954). All-India Debt and Investment Survey, RBI: Mumbai. * Reserve Bank of India (1971). Report of the Study Group on Non-Banking Financial Intermediaries, RBI: Mumbai. * Reserve Bank of India (1978). Chart Book on Financial and Economic Indicators, RBI: Mumbai. * Sachs, J.D (2003). ‘Institutions Don’t Rule: A Refutation of Institutional Fundamentalism’, NBER Working Paper No.9490 (Cambridge, Massachusetts). * Shah, A. and S. Thomas (1997). ‘Securities Markets – Towards Greater Efficiency’, India Development Report, Oxford University Press: New Delhi. * Shaw, E.S (1973). Financial Deepening in Economic Development, Oxford University Press, New York. * Singh, A., (1995), "Corporate Financial Patterns in Industrializing Economies", Technical Paper,International Finance Corporation, Washington, D.C. * Stiglitz, J.E. (2002), Globalisation and its Discontents, Allen Lane: Penguin Books, USA. * World Bank (2002). World Development Report: Building Institutions for Markets, The World Bank, Washington, D.C. * World Bank (2003). 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