Punjab National Bank (PNB)

Punjab National Bank is an Indian public sector bank headquartered in New Delhi, India, abbreviated as PNB. The bank was founded in 1894 and, both in terms of business and its network, is the second-largest public sector bank (PSB) in India. After the merger with the United Bank of India and Oriental Bank of Commerce, the bank has over 180 million clients, 10,910 branches, and 13,000+ ATMs, effective as of 1 April 2020.

In the United Kingdom, PNB has a banking subsidiary (PNB International Bank, with seven branches in the United Kingdom) and in Hong Kong, Kowloon, Dubai, and Kabul. It has offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (United Arab Emirates) (Australia). He owns 51 percent of Druk PNB Bank in Bhutan, which has five branches. PNB owns 20% of Everest Bank Limited in Nepal, which has 50 branches. Finally, in Kazakhstan, PNB owns 41.64 percent of JSC (SB) PNB Bank, which has four branches.

Punjab National Bank Company Profile

  • Name of Company: Punjab National Bank (PNB)
  • Company Type: Public
  • Industry of this company: Banking Financial Services
  • Year Company was Founded: 1894
  • Founder of this company: Mr. Dyal Singh Majithia and Mr. Lala Lajpat Rai.
  • Headquarters: New Delhi, India
  • Main Leaders in this company: Mr. S. S. Mallikarjuna Rao (MD & CEO) Mr. Sunil Mehta (Chairman)
  • Subsidiaries: PNB Housing Finance Limited, PNB Metlife Finance Limited, PNB Investments Services Limited, PNB (International) Limited, PNB Gilts Ltd.

Under the British, Punjab witnessed a time of rapid growth, particularly after its annexation in 1849, giving rise to a new educated class fired with a desire for freedom from the yoke of slavery. An overarching ambition to start a Swadeshi Bank with Indian Capital and management serving all parts of the Indian community was also among the cherished desires of this new class. The idea was first mooted by Rai Mool Raj of Arya Samaj, who had long cherished the idea that Indians should have their own national bank, as stated by Lala Lajpat Rai. He felt strongly “the fact that the Indian capital was being used to run English banks and companies, the profits accruing from which went entirely to the Britishers whilst Indians had to contend themselves with a small interest on their own capital”

Lala Lajpat Rai sent around a circular to selected friends as an example of Rai Mool Raj, insisting on an Indian Joint Stock Bank as the first special phase in positive Swadeshi. Lala Harkrishan Lal, who had returned from England with commercial and industrial ideas, was eager to give them practical form.

On May 19, 1894, ‘PNB was born. The founding board was drawn up from various parts of India with different religions and varied history, but with the common goal of providing a genuine national bank to the country that would further the country’s economic interest.

On 12 April 1895, the Bank opened for service. Sardar Dayal Singh Majithia, who was also the founder of Dayal Singh College and the Tribune, was the first Board of 7 Directors; Lala Lalchand, one of the founders of DAV College and President of its Management Society; Kali Prosanna Roy, an eminent Bengali pleader who was also Chairman of the Indian National Congress Reception Committee at its 1900 Lahore session; Lala Harkisha Thus, in a purely national and cosmopolitan spirit, a Bengali, Parsi, a Sikh and a few Hindus joined hands to found this Bank, which opened its doors to the public on April 12, 1895. With a Missionary Zeal, they went about it. Sh. Sh. The first chairman was Dayal Singh Majithia, the first board member was Lala Harkishan Lal, and the manager was appointed Shri Bulaki Ram Shastri Barrister in Lahore.

After just 7 months of service, a 4 percent Maiden Dividend was announced. Lala Lajpat Rai was the first to open a bank account in the building opposite the Arya Samaj Mandir in Lahore’s Anarkali. As an administrator, his younger brother entered the bank. The Bank’s approved total capital was Rs. 2 lakhs, and Rs. 20000 was the working capital. It had a total workforce strength of nine and Rs. 320 was the total monthly wage.

All Customer Care details of Punjab National Bank

  • Customer Care Number of Punjab National Bank: 1800-180-2223 for balance inquiry by the missed call for India (+91-120-2303090 for Global users), 1800-180-2222/1800-103-2222 for banking India (+91-120-2490000  for global users), 1800-180-2345 for credit card helpline India (91-120-4616200 for global users)
  • Support Email Id of Punjab National Bank: care@pnb.co.in
  • Office Address of Punjab National Bank: Plot No 4, Sector -10 Dwarka New Delhi 110075, India
  • Facebook Id of Punjab National Bank (Can be Used for support): www.facebook.com/pnbindia
  • Twitter Id of Punjab National Bank: https://twitter.com/pnbindia
  • Official Site of Punjab National Bank: www.youtube.com/pnbindia
  • Instagram Account of Punjab National Bank: www.instagram.com/pnbindia
  • Youtube Account of Punjab National Bank: www.pnbindia.in

On April 12, 1895, Punjab National Bank, India’s first Swadeshi Bank, with an approved capital of Rs 2 lac and working capital of Rs 20,000, began operations from Lahore. The Bank was founded in the spirit of nationalism and was the first bank with Indian Capital purely controlled by Indians. Throughout the Bank’s long history, 9 banks have been merged with PNB. In view of the announcement of the merger of public sector banks in which the Oriental Bank of Commerce and the United Bank of India merged with the Punjab National Bank with effect from April 1, 2020, the financial year 2019-20 was relevant.

The brand value and faith of the Bank stated by its clients was reflected in the Bank’s increasing customer base and growing market graph. As of 30 September 2020, PNB is the country’s second-largest public sector bank (PSB) with a pan-Indian presence of 10,930 branches (1970 Metro, 2277 Urban, 2753 Semi-Urban & 3930 Rural) and 13,878 ATMs. The bank has a 7.05 percent market share in combined deposits and 6.52 percent in non-food loans. Global Business increased from Rs.17,68,001 crore in September’19 by 1.06 percent YoY to Rs.17,86,670 crore as at the end of September’20. The Bank continues to retain its dominance in low-cost CASA deposits, with a 44.10% share of deposits. The Bank continues to concentrate on qualitative growth in companies and improving the quality of assets.

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