Allahabad Bank Chairman and Managing Director K R Kamath will be the new head of the Punjab National Bank (PNB), the second largest public sector lender. According to the official sources, the official announcement of the appointment of K. R. Kamath was issued on Tuesday.
Before him K C Chakrabarty was PNB head, he has been appointed as RBI Deputy Governor in June this year due to which the CMD post got vacant.
Earlier in August 2008, Kamath was appointed the CMD of Allahabad Bank he has also worked as the Executive Director of Bank of India. Now J P Dua, is likely to be promoted as CMD of the Kolkata-based bank, who is at present is the executive director of Allahabad Bank
PNB with 3.8 crore customers has a network of over 4,600 branches across the country, in 2008-09 has registered a net profit of Rs 3,091 crore. In the current fiscal for the first quarter the bank has reported a 62.39 per cent rise in net profit at Rs 832.05 crore.
During the April-June quarter bank total income increased to Rs 6,177.58 crore from Rs 4,594.62 crore in the corresponding period a year-ago.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment