Punjab National Bank | SBI PO Prelims & Mains Preparation - Bank Exams PDF Download

Introduction

• Punjab National Bank is India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorised capital of Rs 2 lac and working capital of Rs 20,000.
• It has become stronger and stronger with a network of 6888 Domestic branches and 9997 ATMs as on 31st December 2016.
• The main objective of the bank is to provide the country with a truly national bank which would further improve the economic status of the country.

History

Lala Lajpat Rai, Founder of PNB, had cherished the idea that Indians should have a national bank of their own. He felt that the Indian capital was being used to run English banks and companies, the profits went entirely to the Britishers while Indians had to contend themselves with a small interest on their own capital.

Important Historical Facts

• Important Historical Facts
• PNB was born on May 19, 1894
• The Bank opened for business on 12 April, 1895.
• The first Board Consist of 7 Directors.
• Sh. Dayal Singh Majithia was the first Chairman,
• Lala Harkishan Lal, the first secretary to the Board.
• Shri Bulaki Ram Shastri Barrister at Lahore, was appointed as the first Manager.
• Lala Lajpat Rai was the first to open an account with the bank.
• The first branch outside Lahore was opened in Rawalpindi in 1900.
• The Bank made slow, but steady progress in the first decade of its existence.
• PNB became a symbol of Trust and a name you can bank upon
  • Tagline: The name you can bank upon
  • Headquarter: New Delhi.
  • Founded on: 19 May 1894, Lahore, Pakistan
  • Founder: Lala Lajpat Rai
  • MD & CEO: Usha Ananthasubramanian
  • Brand Ambassador: Mr. Virat Kohli
  • Traded As: BSE: 532461, NSE: PNB CNX Nifty

Awards Received

• Skoch order of Merit Award
• Runner up in education Loan Provider of the year 2016 by OutlookMoney.
• India’s Most Trusted Brand as per “The Brand Trust Report 2016”.

Subsidiaries

• PNB Gilts Ltd. (India)
• PNB Investment Services Ltd. (India)
• PNB Insurance Broking Pvt. Ltd. (India)
• Punjab National Bank Ltd. (UK)
• Druk PNB Bank Ltd (Bhutan)

Joint Ventures

• Principal PNB Asset Management Company Pvt. Ltd (India)
• Principal Trustee Company Pvt. Ltd (India)
• PNB Metlife India Insurance Company Ltd (India)
• Everest Bank Ltd. (Nepal)
• JSC PNB Kazakhstan (Kazakhstan)

PNB sponsors the following regional rural banks (RRB)

• Punjab Gramin Bank, Kapurthala
• Madhya Bihar Gramin Bank, Patna
• Sarva Haryana Gramin Bank, Rohtak
• Himachal Gramin Bank, Mandi
• Sarva UP Gramin Bank, Meerut

Mergers

• 7 Private sector banks have been merged with PNB during different periods in its history.
• New Bank of India is the one and only nationalized bank merged with PNB in the year 1993.
• Nedungadi Bank Ltd, a kerala based private bank merged with PNB in the year 2003.

Schemes and Yojanas launched recently

• PNB VIKAS: Village Adoption Scheme
• PNB Ladli: Provides education among rural girls
• Swachchh Vidyalaya Campaign: Constructing Toilets in the schools of adopted villages.
• PNB Kisan Balak Shikhsha Protsahan Yojana: to provide education loan to poor
• PNB MAHILA Udyam Nidhi Scheme
• PNB MAHILA Samridhi Yojana
• PNB Kalyani Card Scheme
• PNB Mahila Sashaktikaran Abhiyan

Apps Launched

• PNB Kitty
• PNB YUVA
• PNB mBanking
• PNB UPI
• PNB MobiEase
• PNB Rewardz
• PNB ATM Assist

Credit Card

• PNB has Launched a Contactless Credit Card by name “PNB Wave N Pay”
• This contactless credit card has been launched on Visa Platinum Platform

Conclusion

• PNB supports various societies, charitable institutions and NGO working for the benefit of poor people.
• Helps weaker sections of society, orphans, handicapped, mentally retarded children, etc.
• It also contributes for fighting diseases like TB, AIDS, leprosy, etc
• Since its inception, PNB has always been a “people’s Bank” serving millions of people throughout the country.