PNB aims to bring cost-to-income ratio below 50% this fiscal, 45% by FY29: MD Chandra

Punjab National Bank is focusing on bringing its cost-to-income ratio below 50 percent in the current financial year. The bank aims to further decrease it to around 45 percent by 2028-29. In the first half of the current fiscal year, the cost-to-income ratio was 50.38 percent, reflecting a decline from previous levels. The bank's net profit has reached Rs 5,500 crore, with targets for continued growth ahead.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9LZx45n
via IFTTT

Comments

Post a Comment

Popular posts from this blog

India's Paytm Payments Bank granted status upgrade

Image
Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over 52 billion Indian rupees ($688.5 million) deposits, including savings accounts, current accounts and fixed deposits with partner banks at the end of March this year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3pJr1JN via IFTTT
Read more

Punjab and Sind Bank to sell KSK Mahanadi loans to ARCs

Punjab and Sind Bank, frustrated by the delay in resolving KSK Mahanadi Power's corporate insolvency, plans to sell its debt to asset reconstruction companies (ARCs). The bank has invited offers from ARCs for its loans to KSK Mahanadi Power and KSK Water Infrastructure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zNAIE1p via IFTTT
Read more

RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO

RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of finance experience. This appointment fills a vacant position and comes as Emirates NBD moves to acquire a controlling stake. The new CFO is expected to guide the bank through its ownership transition and future growth phase. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tqcV3TI via IFTTT
Read more