Punjab National Bank – Important Points

    • On 19 May 1894 Punjab National Bank was registered under Act VI of Indian Companies Act 1882.
    • Punjab National Bank (PNB) was established in Lahore in 1895 (12 April, 1895).
    • Headquarters of Punjab National Bank is located in New Delhi, India.
    • Present Chairman & MD of Punjab National Bank is K R Kamath.
    • First Chairman & MD of Punjab National Bank was Sardar Dyal Singh Majithia.
    • At the time of nationalisation the Chairman and MD of Punjab National Bank was Somesh Chandra Trikha.
    • Punjab National Bank is one of the four largest bank in India and second largest public sector bank in India.
    • The first bank purely managed by Indian was Punjab National Bank.
    • In 1940 PNB absorbed Bhagwan Dass Bank, a scheduled bank located in Delhi Circle.
    • In 1951 Punjab National Bank acquired the 39 branches of Bharat Bank (est. 1942) and Bharat Bank became Bharat Nidhi Ltd.
    • In 1961 Punjab National Bank acquired Universal Bank of India.
    • In 1962, PNB amalgamated the Indo-Commercial Bank with it.
    • In 1986 Punjab National Bank (PNB) acquired Hindustan Commercial Bank (est. 1943) in a rescue.
    • In 1993 Punjab National Bank (PNB) acquired New Bank of India, a bank which was nationalised in 1980 by Govt. of India.
    • In 2003 Punjab National Bank took over Nedungadi Bank, the oldest private sector bank in Kerala.
    • Punjab National Bank was ranked 1243 in the Forbes Global 2000.
    • Punjab National Bank has more than 5100 offices including 5 overseas branches.
    • PNB receives Best Bank Award-2011
    • PNB receives the FIBAC 2011 ‘Most Productive Public Sector Bank award.
    • Present Slogan of PNB – The Name you can Bank Upon.

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  3. […] To Know more about PNB: Punjab National Bank -Important Points […]

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