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Punjab National Bank (abbreviated as PNB) is an Indian government bank based in New Delhi. [5] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs .
The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. [3] [4] [5] The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country.
Permodalan Nasional Berhad (PNB) is a state-owned Malaysian investment management company. [1] One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the government's New Economic Policy. [2] [3] PNB's two notable projects are located in Kuala Lumpur.
Although investors have pumped cash into money market funds amid rising interest rates, as CNBC reported, it’s important to remember that you’ll owe taxes ranging from 20% to 37% on your gains.
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that United Bank and Oriental Bank of Commerce would be merged with Punjab National Bank.The proposed merger would make Punjab National Bank the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches.
In 2023, Thimphu dzongkhag court sentenced the manager responsible for Druk PNB's ATMs, to nine years and six months for embezzling over Nu 10 million from nine ATMs in the capital. [ 2 ] In 2022, The High Court of Bhutan upheld the Thimphu Dzongkhag court 's verdict, sentencing a senior executive of Druk PNB, to three years in prison for ...
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On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Oriental Bank of Commerce and United Bank of India (UBI) would be merged with Punjab National Bank (PNB). The proposed merger would make PNB the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches.