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PNB Bank |
| The Punjab National Bank is popularly known as the PNB and has been serving its illustrious list of customers since 1894. The PNB was set up as a result of the Indian Companies Act and was founded by Dyal Singh Majithia and Lala Harkrishen Lal. Its main office then was in Lahore, present day Pakistan. Owing to its efficient operations and increasing list of clientele, the PNB has been awarded the status of being the second largest government owned commercial bank in India. |
History of the PNB:
The history of the Punjab National Bank can be traced to its inception in the year 1894. It opened with a single branch in Lahore and in 1904 two more branches were opened in Karachi and Peshawar. After independence, with the partition of India and Pakistan, the PNB premise in Lahore was lost. Although it continued to operate in Pakistan, it was in 1965 after the Indo - Pak war that the PNB office was seized and that marked an end to its operations in the country.
In the meantime, the bank continued to grow its operations in India and had by then acquired several banks and merged them in its own being. In 1969 PNB was nationalized by the government of India. Soon after, the bank went on to open several offices in some of the major destinations of the world including Hong Kong, Almaty, Shanghai, Dubai and London among others.
The Punjab National Bank is currently head quartered in the national capital of New Delhi and deals in a variety of products including loans, saving options, insurance and investment alternatives.
The reach of the PNB continues to grow and with its enhanced features and banking solutions, it continues to be one of the leading brands in the banking industry of the country.
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