New branch in Perambalur to focus on agriculture, small and medium enterprises
PERAMBALUR: The Punjab National Bank (PNB) opened its new fully air-conditioned branch with Automated Teller Machine (ATM) facility in Perambalur on Friday. The new premises was inaugurated by A. Srinivasan, Founder – Chairman, Dhanalakshmi Srinivasan Groups, in the presence of S.M. Veerappan, Deputy General Manager, PNB, Tiruchi Circle Office.
Mr. Veerappan said the branch was linked under the Core Banking Solution providing anywhere banking facility with about 125 branches in Tamil Nadu, 375 branches in South India and about 4,500 branches across the country.
The branch ATM could be used for funds transfer also. The new branch would focus on agriculture, small and medium enterprises.
The banks’ Tiruchi circle covers 26 southern districts of Tamil Nadu with 71 branches. The bank had planned to open 15 more branches.
Referring to the performance of the bank, Mr. Veerappan said that the total number of deposit customers of Tiruchi Circle as on December was 4,17,866 amounting to Rs.1,610.07 crore and advances customers were 71,891 amounting to Rs. 1,976.47 crore.
A total number of 4,743 self help groups were financed in the circle with the amount being Rs. 35.36 crore.
Mr. Srinivasan, Palaniyandi Pillai, president of the Perambalur District Traders’ Association commended the support rendered by the bank to the various sections of the society.