Punjab National Bank (PNB) plans to hire over 2,000 employees in 2024-25, Managing Director and Chief Executive Officer Atul Kumar Goel said at a press conference on October 26.
“We estimate that we will need 2,000 employees, of which 500 will be for credit, 350 for management trainees, and 1,200 for marketing officers,” Goel said.
Marketing is a key area in banking, Goel said, as it is responsible for generating leads.
PNB has already announced 500 vacancies for management trainees (MT)/ Probationary Officers (PO) in 2023-24.
Goel also said that PNB plans to open 150 new branches in different geographic locations this year.
As of September 30, 2023, PNB had 10,092 domestic branches (39 percent rural, 24 percent semi-urban, 20 percent urban, and 17 percent metro), 2 international branches, 12,645 ATMs, and 20,447 BCs.
PNB reported a 327 percent increase in net profit to Rs 1,756 crore for the July-September quarter of the current financial year. The public-sector lender’s gross non-performing assets (GNPAs) declined to 6.96 percent from 10.48 percent in this period, and net non-performing assets (NNPAs) fell to 1.47 percent from 3.80 percent.
PNB’s global business increased by 11.26 percent year-over-year to Rs 22,51,631 crore as of September 2023, up from Rs 20,23,713 crore as of September 2022. Global deposits grew by 9.75 percent year-over-year to Rs 13,09,910 crore as of September 2023, while global advances grew by 13.43 percent year-over-year to Rs 9,41,721 crore as of September 2023.