Punjab National Bank today said it is confident of achieving the targeted 20 per cent growth in net profit for 2007-08.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"We are confident of meeting the profit target," Punjab National Bank Chairman and Managing Director K C Chakrabarty told reporters here.</P>
</p><p class='TableClas'>Earlier, Chakrabarty had said the bank would be posting profits in the range of Rs 1,800-1,900 crore during 2007-08.</P>
</p><p class='TableClas'>The bank would maintain net interest margin within 3.5-3.6 per cent for 2007-08, he said, adding that it would not reduce deposit rate in the near future.</P>
</p><p class='TableClas'>PNB is scheduled to announce its results for 2007-08 tomorrow. </P></p></table>


PNB eyes 20% growth in net profit for FY08

Also Read

PNB not to change lending and deposit rates

SBI ropes in IAG for non-life foray

FII profit-booking leads to Re fall

ICICI Pru to ramp up rural presence

Law ministry nod for SBI-SBS merger awaited

Explore News