NEW DELHI, July 29:
Punjab National Bank (PNB) marches ahead of the country’s largest private sector lender ICICI Bank in terms of total business, though it witnessed lesser increase in profit during the quarter ended June 30.
Defying the impact of economic slowdown, several banks including HDFC Bank, Bank of India, Union Bank of India posted double-digit growth in profit.
However, many others have also reported jump in non-performing assets. These include PNB, Canara Bank, Central Bank of India and Union Bank of India.
In terms of total business, PNB clocked Rs 6.79 lakh crore much ahead of the its private sector peer ICICI Bank with a total business mix of Rs 5.36 lakh crore at the end of June 2012.
Thus, the difference between these two banks in terms of total business, which include deposits and loans, is about Rs 1.43 lakh crore at the end of first quarter. (PTI)
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