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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.
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Lahore's posh Model Town was established as a "garden town" suburb in 1921, while Krishan Nagar locality was laid in the 1930s near The Mall and Walled City. The Mall, Lahore's pre-independence commercial core, features many examples of colonial architecture. Lahore played an important role in the independence movements of both India [106] and ...
Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana.It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India was merged with Punjab National Bank, making the latter the second-largest public sector bank in India.
PNB Housing Finance Limited (PNB Housing) is an Indian housing finance company registered with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on 11 November 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in ...
Sardar Dyal Singh Majithia (1848–1898) was an Indian banker and activist in progressive and social reform measures in Punjab. [1] He established The Tribune English language newspaper in Lahore in 1881, and later remained founder chairman of the Punjab National Bank, established in 1894.
PNB MetLife was initially launched as MetLife India Insurance Company Limited in 2001. In 2011, PNB acquired a 30% stake in MetLife India Insurance. On 7 December 2012, PNB and MetLife India approached the Competition Commission of India (CCI). In January 2013, PNB received full approval to purchase a 30% stake in MetLife India Insurance.
Between 2002 and 2007, the Bank of Punjab experienced significant growth, with its deposits increasing from Rs24 billion to Rs192 billion, representing an annual growth rate of 51.9 percent, which was substantially higher than the industry average of 18.3 percent. [2]