Government-owned Punjab National Bank (PNB) on Saturday reported a 159 per cent surge in its net profit to Rs 3,252 crore for the April-June quarter of 2024.25 compared to the corresponding figure of Rs 1,255 crore in the same quarter of 2023-24.
According to police officials, the police teams investigating the crime succeeded in zeroing in on the suspect within 12 hours of the robbery by following the footage available from various CCTV cameras.
On a sequential basis, the state-run lender's net profit jumped by 35.4 per cent compared to the Oct-Dec quarter
Police reached the spot on information and rushed the injured cashier Narendra Singh Shekhawat to a private hospital.
The agreement was signed at IREDA's registered office, which paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects.
After tumbling to 6.73 per cent to Rs 34.60 on the BSE, lender’s shares were trading at Rs 35.05, down by 5.53 per cent at 1.45 pm.
Subsequently, bank manager Ravindra Pandit registered a case with the local police in which he claimed a total loot of Rs 52,58,500 from the bank during the robbery.
Of this, the mandatory borrowing to be done through issuance of debt securities (25 per cent of incremental borrowing) was Rs 5,467.50 crore.
The bank in its reply said that it collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards.
The exercise assumes significance as it is taking place at a time when the country is under complete 21-day lockdown.
