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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 .
Punjab National Bank (PNB) alleges associates of three firms - Diamond R US, M/s Solar Exports and M/s Stellar Diamonds- approached PNB on 16 January 2018, with a request for LoUs to make payment to its overseas suppliers. The bank demanded at least a 100 percent cash margin for issuing LoUs, but the firms contested that they had received LoUs ...
Goel started his career in 1992 as a Chartered Accountant in Allahabad Bank. In 2016, he joined Union bank as an executive director after which in 2018 he was appointed as the MD of UCO Bank. In 2021, he joined Punjab National Bank as the Managing Director and Chief Executive Officer. He is also the Chairman of the Indian Bank's Association (IBA).
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, 6 PBs, 43 RRBs, and 2 LABs.
Tarn Taran, Punjab: Bank manager killed and bank looted. [48] September 30 KCF members managed to take down the Punjab Police wireless system across the entire state for half an hour. Punjab: Police wireless system down for 30 minutes. [49] October KCF member robbed 1,023,000 rupees (US$250,000) from a bank in Ludhiana. Ludhiana, Punjab
Punjab National Bank Scam: A fraudulent letter of undertaking worth ₹11,600 crore (US$1.77 billion) was issued at the Punjab National Bank branch in Brady House, Mumbai, making the bank liable for the amount. [79] The fraudulent transactions, linked to Nirav Modi, were first noticed by a new employee of the bank. [80]
As of December 31, 2014, the bank's paid-up capital amounted to Nu 449.712 million, with ownership distributed among Punjab National Bank (51%), Bhutanese promoters (19%), and the general public (30%).
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 ...