Punjab National Bank, PNB has announced its FY08 numbers. The Bank has reported Q4 net profit of Rs 544 crore versus Rs 237.7 crore, a growth of 128.86% and net interest income of Rs 1,517 crore versus Rs 1,423 crore, up by 6.6%. Q4 other income stood at Rs 537.21 crore. NIM was at 3.66% and
CAR at 12.96%. FY08 net profit went up at Rs 2,048 crore from Rs 1,540 crore.

KC Chakrabarty, CMD of Punjab National Bank said today at a press conference that key business ratios like return on assets was 1.15% versus last year's 1.03%.

He said the bank's annual net profit was Rs 2,048 crore, which he said, was the highest amongst all nationalised banks.

For more details watch the press conference...