IFSC code for Pithapuram Branch of Punjab National Bank in Pithapuram, Andhra Pradesh is PUNB0993200. IFSC codes in India are used for uniquely identifying a bank branch for online transfer of money using NEFT or RTGS system operated and managed by Reserve Bank of India. The Pithapuram Branch of Punjab National Bank is enabled for NEFT transfers and you can transfer money to all savings accounts and current accounts in Pithapuram Branch of Punjab National Bank using online banking or by visiting your bank branch from anywhere in India. NEFT transfer is done in batches by RBI so it takes around 1-4hrs of time to receive the money (if the transfer initiation is done during the business hours, else it is initiated next business day).
Bank
Punjab National Bank
Branch
Pithapuram Branch
IFSC Code
PUNB0993200
MICR Code
Waiting
Bank Type
Public Sector Bank
Address
H.no. 4-3-150 Ground Floor One Way Traffic Road Near Sbi Pithapuram East Godavari Distt. Andhra Pradesh
City
Pithapuram
District
East Godavari, Andhra Pradesh
Phone Number
9959275323
Important Note: NEFT system in India only takes IFSC code and Account Number into consideration while completing the transfer of money. All other fields such as account holder name etc are ignored. So, make sure, you use the correct IFSC code and account number else money may be transferred to a wrong account and it might be impossible to get back the money.
About Punjab National Bank
Punjab National Bank is a Public Sector Bank in India. It has over 6500 branches with more than 63,000 employees. The Bank generated a business of Rs.116.51 lakh per Employee in 2011-2012 financial year with the profit per employee of Rs. 0.81 lakh.
You can get more information about Punjab National Bank at their official website - http://www.pnbindia.com/
Other Information
Ratios
Financial Ratios
Public Sector Banks Avg
All Banks Avg
NIM
3.17
2.57
2.79
CoF
6.11
6.27
6.12
Return on Adv
4.46
3.81
4.21
ROE
15.70
13.24
13.84
ROA
1.00
0.78
1.03
CRAR
12.72
12.38
13.88
NPA Ratio
2.35
2.02
1.68
Analysis of Financial Ratios
NIM (Net Interest Margin): Net interest margin (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their (interest-earning) assets. Thus, it also has high correlation to interest spread and thus impacts profitability of the bank. NIM of Punjab National Bank is 3.17 which is greater than average NIM of all public sector banks as well as greater than average NIM of all banks in India. This indicates that the bank is doing well among all PSBs and also performing well among all other banks.
COF (Cost of Funds): Cost of funds for a bank is the average interest rate paid to depositors on financial products such as savings account, current account, and fixed deposits etc. Lower CoF is better for banks as it will increase profitability. COF of Punjab National Bank is 6.11 which is better than the average among PSBs as well as better than average CoF of all banks.
Return on Advances: Return on advances indicates the average interest rate at which the bank lends money to the borrowers. Higher return of advances is better for higher profitability of the bank (however, higher interest rates also indicate risky assests). So this ratio should be read along with NPA Ratio for better understanding about the bank.
Return on Equity (ROE): Return on equity is the measure of bank's profitability. Higher the better. [RoE = Net Profit / Total Equity].
CRAR: Capital to Risk-Weighted Assets Ratio (also known as Capital Adequacy Ratio is the ratio of bank's capital to its risk. This ratio is also monitored by RBI for all banks and higher value indicates higher stability for a bank. CRAR of Punjab National Bank is 12.72 which is better than group average among PSBs but less than average CRAR of banks.
NPA Ratio: Non Performing Assets refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Thus, NPA Ratio = [Non Perforing Assets/Total Assets]. Higher NPA Ratio indicates riskiness of the bank and losses as it may result in write downs. If you are investing in a bank, be aware to check this ratio carefully. NPA Ratio of Punjab National Bank is 2.35 which is high and it is poorer than average NPA of PSBs as well as average NPA of all banks.
IFSC Codes are used for initiating money transfer through NEFT or RTGS. This code uniquely identifies the bank branch where the receiver of the funds has his/her account. IFSC code is a 11 character alpha-numeric code assigned to each bank branch by RBI in India.
NEFT Online Transfer: NEFT is the most cost effective and secure way of account to account money transfer in India. It usually takes around 1-4hrs to receive the money using NEFT.
NEFT Timings:
Monday-Friday:
8am to 7pm
Saturday:
8am to 1pm
Sunday:
Closed
Note: Any transfer made outside the time limit will be initiated on the next working day.
NEFT Fees:
Up to Rs.10,000
Rs.2.50 + Service Tax
Rs.10,000 to Rs.1 Lakh
Rs.5.00 + Service Tax
Rs.1 Lakh to Rs.2 Lakh
Rs.15.00 + Service Tax
Rs. 2 Lakh Onwards
Rs.25.00 + Service Tax
Note: This is the maximum fees which a bank can charge. Actual charges can be lower.
Find IFSC Codes: IFSC code for a bank branch can be located on the cheque book or the pass book issued by the branch. You may also search our website to find the ifsc code for branches of all banks in India.
