Punjab National Bank to hire about 8,000 people each year for next few years

Punjab National Bank today said it will recruit about 6,000 to 8,000 personnel each year for the next few years and open 500 branches across the country in the current year.

"We will be recruiting 6,000-8,000 personnel each year for the next few years," the bank's Executive Director S R Bansal told reporters here.

"As of now, we have over 5,800 branches across the country. In the current year, we plan to open another 500 branches. The new branches would include about 22 in Tamil Nadu and 10 in Tiruchirappali circle alone," he added.

Its new venture, PNB Pragati, which offers round the clock services, among other things, is in the pilot stage after its August 2012 launch, he said.

PNB will convert 500 existing branches into PNB Pragati in metro and urban locations before December 2012, Bansal said.

The 24x7 service would include withdrawal of cash, deposit of cash and cheque and updation and printing of passbooks in specially installed machines and trained staff at venue of the branches.

PNB has a customer base of 17 million. As of June 2012, net NPA stood at 3.34 per cent and CAR (Capital Adequacy Ratio) at 13 per cent.

To a query, he said the audited Q2 results would be released on October 26.

Earlier, he handed over two electrical water purifiers and their utility items to Arivalayam, a charitable trust run by Public sector BHEL for special children at BHEL Township.