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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 Punjab National Bank Fraud Case relates to fraudulent letter of undertaking worth ₹12,000 crore (US$1.4 billion) issued by the Punjab National Bank at its Brady House branch in Fort, Mumbai; making Punjab National Bank liable for the amount. [1] The fraud was allegedly organized by jeweller and designer Nirav Modi.
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).
Ananthasubramanian started her career in banking in February 1982, when she joined the Bank of Baroda as a specialist officer in its planning stream. [4] Prior to joining Bhartiya Mahila Bank, Ananthasubramanian worked at Punjab National Bank. She served as MD of Punjab National Bank between August 2015 and May 2017.
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. [4] [5] MD and CEO of UBI, Ashok Kumar Pradhan, stated that the merged entity would begin functioning from 1 April 2020. [6] [7] The Union Cabinet approved the merger ...
He also served in other banks such as Punjab National Bank and Oriental Bank of Commerce. [6] After the amalgamation of Oriental Bank of Commerce into Punjab National Bank, Karnatak headed the credit monitoring division and the corporate credit division in Punjab National Bank. [6] [7] Karnatak has served in various non-executive roles as well.
Chase Bank is urging its customers not to commit check fraud. The bank’s plea comes after this weekend a viral trend took over TikTok and X, with users being told that there was a systemwide ...
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%).