Punjab National Bank has recorded 62.39% increase in net gain at Rs.832.05crore for the period closed on 30th June, this year as opposed to Rs.512.40crore in the consequent quarter in 2008.

The BSE Bankex increased 0.29% at 13:19 IST.

The BSE Bankex increased 1.28% at 12:52 IST.

Punjab National Bank has carved out a business goal of Rs.10lakhcrore by the year 2013.

Punjab National Bank plans to hire 1,000 personnel in the present economic year.

Punjab National Bank plans to introduce 5 new offices in the global market in upcoming one year to provide the Indians situated in other parts of the globe.

Presently, Punjab National Bank trades at Rs.684.50, which is higher by 6.95 points from its last close of Rs.677.55 on the Sensex.

Reportedly, Networth Stock Broking has stated that Punjab National Bank has introduced its online trade facility in partnership with the company to offer state-of-the-art online trade facility to its consumers.

Central Bank of India has resolved to reduce its BPLR by 0.50%, which will be implemented from 1st April.

Punjab National Bank announced on Monday that its credit increase could get smaller to 20% in FY 10 with the brunt of the monetary slump likely to reveal in India following year also.