PNB posts Q2FY ’19 with stable Asset Quality

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Bharat Chauhan,

Scam-hit Punjab National Bank has brought in many things in the bucket . It has brought in some new offerings including digital  initiatives.

Progress have been made in the new age digital payments as in the number of transaction through BHIM and UPI escalated to 558.86 lakhs in September’18 from 57.8 lakhs in September ’17. The number of internet banking service users reached 136.36 lakhs with YoY growth of 25 percent.The number of mobile banks users reached 136.48 lakhs with YoY growth of 36 percent.

Mobile banking is upgraded to unified mobile banking application which offers instant account opening and this feature is available in multiple language. Promotional tie- ups for cash back or discount with Make My Trip, Go-ibibio, Shoppers Stop and Amazon.

Under The PM Jan Dhan Yojna as on 30 th September , Bank opened 187.98 lac accounts in which Rs 3836.07 cr have been mobilized. The enrolment under Atal Pension Yojana increased by 32.67 percent and that under Pradhan Mantri Jeevan Jyoti Bima Yojna ( PMJJBY) BY 7.05 Percent.

Under PNB Ladli scheme for popularisation of education among girls of rural areas , Bank provide education inputs and distributed Rs 153.56 lacks to 8064 girls. Under PNB Kisan Balak Shiksha Prothsahan Yojana the Bank provided financial assistance to 1513 students of poor agriculture borrowers.

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