Punjab National Bank - Important Points to Remember
in:
Banking-and-Financial-awareness
- 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.
