Punjab National Bank is the second largest government-owned bank in India having more than 12000 branches and 13000 ATM in the nation. We have branches in UK, UAE, China and Australia. Furthermore, we are good in giving services like Savings Account, Wealth Management, Corporate banking, Current Account, Locker facilities, Net Banking, Infrastructure Finance, Brokerage, Asset Management, Mortgages, Email alerts, SMS alerts, E-Statements, and the Tax payments.Factsheet of Punjab National Bank
|Punjab National Bank
|Dyaal Singh Majithia and Lala Harkishen Laal
Punjab National Bank
|Type of Bank
|Public Sector Undertaking (PSU) Bank
|Customer Care Number
The Punjab National Bank is one of the major Indian Public Sector bank set up by the Government of India under the umbrella of the Ministry of Finance. This bank was created on May 1894 and is the second largest bank in India due to business activities and the network it has obtained in the past. Interestingly the Punjab National Bank started its operations on April 12 1895 from Anarkali Bazaar, Lahore, modern day Pakistan. The spirit of patriotism and nationalism led to the rise of this bank and this was managed by the Indians.
The founder of Punjab National Bank is Dyaal Singh Majithia and Lala Harkishen Laal, Bakshi Jaishi Ram, and Lala Dholan Dass,E. C. Jessawala, Prabhu Dayal and others. The best part is most of the greatest political leaders and visionaries like Mahatma Gandhi, Indira Gandhi, Lal Bahadur Shastry and Jawaharlal Nehru used to have account with the Punjab National Bank. On 31 March 1947, long time before partition the PNB decided to leave Lahore and transfer its registered office within Northern India; it received permission from the Lahore High Court on 20 June 1947,and set up a new head office at Under Hill Road, Civil Lines in New Delhi.
Shri Atul Kumar Goel is the Managing Director and CEO of the Punjab National Bank.
There are many subsidiaries of the Punjab National Bank and they are as follows
Some of the banking services offered by the Punjab National Bank and they are as follows:
Various loan and credit facilities are offered by the Punjab National Bank and they are:
The Punjab National Bank scam relates to fraudulent letter of undertaking worth INR 16,000 crore issued by the bank. The key accused in the case were jeweller and designer Nirav Modi, his maternal uncle Mehul Choksi, and some of his relatives and PNB employees holding crucial positions. Nirav Modi and his relatives escaped India in early 2018, months before the news of the scam hogged the limelight. PNB had named three diamond firms, Diamonds R Us, Solar Exports and Stellar Diamonds as the beneficiaries in the scam. PNB scam has been classified as the biggest fraud in India's banking history. The Government of India has requested Antiguan Government to extradite Mehul Choksi immediately and the matter is still in the court. Nirav Modi has been arrested and is in Wandsworth Prison in South London and Mr. Mehul Choksi is in Antigua and Barbuda because he is a citizen there and prevented from leaving the nation. The matter is still in court.
Punjab National Bank has 12427 IFSC connected branches in India. Bank has branches in following states:
Search IFSC codes of banks using name, pincode, branch name of banks
Generate Accurate and globally accepted project report for financing