Punjab National Bank plans 2,000 vacancies for 2024-25, says CEO Atul Kumar Goel

Atul Kumar Goel- PNB

Punjab National Bank(PNB) will come up with over 2000 employee vacancies for 2024-25, said Managing Director and Chief Executive Officer Atul Kumar Goel during the post-Q2FY23-34 results press conference on October 26.

"As per our current estimates there will be requirements of 2000 employees, out of which for credit purposes we are employees 500 people, 350 for management trainee, remaining for marketing 12,00 for marketing officers," said Goel.

Goel further added that marketing is the key area in banking, as its responsibility is to generate the lead.

Notably, for the year 2023-24, PNB has come up with a vacancy of 500 for management trainee (MT)/ Probationary Officer (PO).

He also added that PNB is planning to open 150 new branches in different geographical this year.

As of September 30, 2023, PNB has 10092 Domestic branches out of which rural are 3905 (39 percent), Semi-Urban: 2461 (24 percent), Urban: 1998 (20 percent) & Metro: 1728 (17 percent), 2 International Branches, 12645 number of ATMs and 20447 BCs.

PNB on October 26 reported a 327 percent rise in net profit at Rs 1,756 crore for the July–September quarter of the current financial year.

The public-sector lender's gross non-performing assets (GNPA) declined to 6.96 percent from 10.48 percent in this period and the net non-performing assets (NNPA) fell to 1.47 percent from 3.80 percent.

PNB's global business increased by 11.26 percent on a YoY basis to Rs 22,51,631 Crore as of September 2023 as against Rs 20,23,713 Crore as of September 2022. However, global deposits grew by 9.75 percent on a YoY basis to Rs 13,09,910 Crore as of September’23. Moreover, global advances grew by 13.43 percent on a YoY basis to Rs 9,41,721 Crore as of September 2023.