PNB crosses Rs 100-crore net profit

KOCHI: Punjab National Bank, Ernakulam Circle, has crossed `100-crore net profit at the end of the financial year and the unit has achieved a net profit of `107 crore, announced K V Rajesh, deputy general manager and circle head,  Punjab National Bank (Ernakulam Circle).He said that the Ernakulam Circle had good business in the last fiscal and hoped that the bank would have flourishing business in the coming fiscal. The total business of the Ernakulam circle was around `5,000 crore, Rajesh said. The circle had achieved almost all the major parametres during the year, he added.Rajesh also said that the initiatives taken by the bank in various sectors were encouraging and are receiving commendable response. The recently-launched exclusive salary accounts for defence and police personnel, nurses of private hospitals, state bank employees are getting encouraging response. Apart from these, the Punjab National Bank had also ventured into many social activities.He also said that Cash Deposit Machines were installed in a number of branches in the circle. Rajesh also said that the bank would soon open new branches with Automated Teller Machines at Aroor, Maradu, Piravom, Karunagapally, Erattupetta, Kothanallor, Vaikom, Attingal, Varkala, Vizhinjam and Waddakkanchery.