PNB

History

Punjab National Bank (PNB Hindi: पं�जा�ब नॅ�शनॅल बक) (BSE: 532461, NSE: PNB), was founded in 1894 and today is the second largest state-owned commercial bank in India with about 5000 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac, London. The bank's total assets for financial year 2007 were about US$60 billion. PNB has a banking subsidiary in the UK, as well as branches in Hong Kong, Dubai and Kabul, and representative offices in Almaty, Dubai, Oslo, and Shanghai.

Punjab National Bank is one of the Big Four banks of India, along with ICICI Bank, State Bank of India and HDFC Bank—its main competitors.[2]

History

Punjab National Bank was registered on 19 May 1894 under the Indian Companies Act with its office in Anarkali Bazaar Lahore. The founding board was drawn from different parts of India professing different faiths and a varied back-ground with, however, the common objective of providing country with a truly national bank which would further the economic interest of the country. PNB's founders included several leaders of the Swadeshi movement such as Dyal Singh Majithia and Lala HarKishen Lal,[3] Lala Lalchand, Shri Kali Prosanna Roy, Shri E.C. Jessawala, Shri Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan Dass. Lala Lajpat Rai was actively associated with the management of the Bank in its early years. The board first met on 23 May 1894. Today, ironically the PNB Website is distorting history by claiming Lala Lajpat Rai to be the founding father, surpassing Rai Mul Raj and Dyal Singh Majithia.

PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present. (The first entirely Indian bank, the Oudh Commercial Bank, was established in 1881 in Faizabad, but failed in 1958.)

PNB has had the privilege of maintaining accounts of national leaders such as Mahatma Gandhi, Shri Jawahar Lal Nehru, Shri Lal Bahadur Shastri, Shrimati Indira Gandhi, as well as the account of the famous Jalianwala Bagh Committee.

Timeline

1895: PNB commenced its operations in Lahore. 1904: PNB established branches in Karachi and Peshawar.

1940: PNB absorbed Bhagwan Dass Bank, a scheduled bank located in Delhi Circle.

1947: At the Partition of India and the commencement of Pakistani independence, PNB lost its premises in Lahore, but continued to operate in Pakistan. PNB had already shifted its registered office from Lahore to Delhi in June 1947 — even before the announcement of the Partition.

1951: PNB acquired the 39 branches of Bharat Bank (est. 1942); Bharat Bank became Bharat Nidhi Ltd.

1961: PNB acquired Universal Bank of India.

1963: The Government of Burma nationalized PNB's branch in Rangoon (Yangon).

September 1965: After the Indo-Pak war the government of Pakistan seized all the offices in Pakistan of Indian banks. PNB also had one or more branches in East Pakistan (Bangladesh).

1960s: PNB amalgamated Indo Commercial Bank (est. 1933) in a rescue.

1969: The Government of India (GOI) nationalized PNB and 13 other major commercial banks, on 19 July 1969.

1976 or 1978: PNB opened a branch in London.

1986 The Reserve Bank of India required PNB to transfer its London branch to State Bank of India after the branch was involved in a fraud scandal.

1986: PNB acquired Hindustan Commercial Bank (est. 1943) in a rescue. The acquisition added Hindustan's 142 branches to PNB's network.

1993: PNB acquired New Bank of India, which the GOI had nationalized in 1980.

1998: PNB set up a representative office in Almaty, Kazakhstan.

2003: PNB took over Nedungadi Bank, the oldest private sector bank in Kerala. At the time of the merger with PNB, Nedungadi Bank's shares had zero value, with the result that its shareholders received no payment for their shares.

PNB also opened a representative office in London. 2004: PNB established a branch in Kabul, Afghanistan.

PNB also opened a representative office in Shanghai.PNB established an alliance with Everest Bank in Nepal that permits migrants to transfer funds easily between India and Everest Bank's 12 branches in Nepal.

2005: PNB opened a representative office in Dubai. 2007: PNB established PNBIL - Punjab National Bank (International) - in the UK, with

two offices, one in London, and one in South Hall. Since then it has opened a third branch in Leicester, and is planning a fourth in Birmingham.

2008: PNB opened a branch in Hong Kong.

2009: PNB opened a representative office in Oslo, Norway, and a second branch in Hong Kong, this in Kowloon.

2010: PNB received permission to upgrade its representative office in the Dubai International Financial Centre to a branch.

Punjab National Bank

Type Public (BSE: 532461, NSE: PNB)

Industry BankingFinancial servicesInsurance

Founded Lahore (1895)

Headquarters New Delhi, India

Key people K.R.Kamath(Chairman & MD)

Products Investment BankingConsumer BankingCommercial BankingRetail BankingPrivate BankingAsset ManagementPensionsMortgage loansCredit CardsLife Insurance

Revenue US$ 5.649 billion (2010)[1]

Net income US$ 882.4 million (2010)[1]

Total assets US$ 67.422 billion (2010)[1]

Total equity US$ 4.204 billion (2010)[1]

Employees 56,928 (2010)[1]

Website PNBIndia.com

Pnb punchline is

The name you can bank upon

Awards

Awards & Achievements of Punjab National Bank in Recent Times

PNB Awarded Golden Peacock HR Excellence Award-2011

Shri Rakesh Sethi and Smt. Usha Ananthasubramanian, EDs PNB receiving the Golden Peacock  HR Excellence Award-2011 from Justice M.N.Venkatchaliah, Former Justice of India. Also seen in the picture are  Smt. Sushma Bali, General Manager-HRD and other officials at a function organized by IOD

PNB Awarded "IT for Internal Effectiveness" Awards

Shri Ajay Misra Chief Information Technology Officer receiving Award on “IT for Internal Effectiveness” from Shri Anand Sinha Deputy Governor Reserve Bank of India & Chairman IDRBT in a function held at IDRBT Hyderabad on 04.08.2011.

PNB Awarded Rajbhasha Awards

Shri K.R. Kamath, Chairman & Managing Director, PNB receiving RBI Rajbhasha Awards from Dr. D.Subbarao, Governor, RBI. Other dignitaries present on the dias are RBI Dy. Governors Dr. K.C.Chakraborthy and Dr. Subir Gokarn.

PNB adjudged Best Managed Bank by Hon’ble President of India Smt. Pratibha

SCOPE

Devisingh Patil giving SCOPE Best Managed Bank Gold Trophy Award to Sh. K.R. Kamath, CMD- PNB.  Seen in picture are  Sh. Praful Patel- Union Minister for Heavy Industries, Sh. A Sai Prathap, Minister of State & Sh. M.V. Tanksale, ED- PNB.

Wind Power India 2011 Awards

Won Second Prize under the category of "Best Wind Power Project Financier" 2011 by World Institute of Sustainable Energy.

PNB Awarded SKOCH Challenger   Award 2011   on Financial Inclusion

Punjab National Bank declared winner of "SKOCH Challenger Award on Financial Inclusion".  Sh. M.V. Tanksale and Shri Rakesh Sethi, EDs, PNB receiving award from Dr. C Rangarajan, Chairman of the Prime Minister's Economic Advisory Council, at a function held at New Delhi.

PNB Awarded Best Technology Bank 2010

Punjab National Bank declared winner of "Best Technology Bank 2010".  Sh. M.V. Tanksale, ED, PNB and  Sh. Ajay Misra, GM, PNB receiving award from Hon’ble   Ex-President of India Sh. A.P.J Abdul Kalam at the Banking Technology Conference held at Mumbai.

PNB AWARDED GOLDEN PEACOCK AWARD FOR TRAINING

PRESS RELEASE

PNB declared winner of the Golden Peacock Awards for Training. Smt. Sushma Bali, GM and Sh. J.P. Kapoor, DGM, PNB receiving award from Hon'ble Sh. K Sankaranarayanan, Governor of Maharashtra and Sh. P.N. Bhagwati Ex-Chief Justice of India.

PNB AWARDED NIRYAT BANDHU BRONZE TROPHY

PRESS RELEASE Hindi

PRESS RELEASE English

Sh. K.R.Kamath, CMD, PNB receiving Niryat Bandhu Award from Hon’ble Sh. Jyotiraditya Scindia, Minister of State for Commerce and Industry. Seen in the picture is Sh. S.K.Dubey, GM, PNB.

PNB Received Excellent Performance in Lending Under PMEGP Scheme award Sh. Nagesh Pydah, Executive Director,

PNB receiving 'excellent performance in

SME PRESS RELEASE Hindi

MSME PRESS RELEASE

lending under PMEGP scheme' award from Sh. Dinsha Patel, MoS (Independent Charge) and Sh. Dinesh Rai, Secretary, Ministry of Micro, Small & Medium Enterprises.

K,R.Kamath, CMD, PNB is receiving the Best Bank Award

at Hyderabad from Shri D. Subbarao, Governor, RBI . Dr. K.C. Chakrabarty, Dy. Governor, RBI, Mr. Samba Murthy, Director, IDRBT, Mr. S Ganesh Kumar, CGM, IDRBT and Mr. Ajay Misra, GM, PNB are also seen in the photograph.

Outlook Money Award 2010 Outlook Money Award for the year 2010 for "Best Home Loan Provider"

Outlook Money Award 2010 Outlook Money Award for the year 2010 for "Best Education Loan Provider"

2nd prize of Indira Gandhi Rajbhasha Shield by Dept. of Indian Official Language, Ministry of Home Affairs, GOI

for promoting Hindi for the year 2008-09.

Gold trophy of SCOPE Meritorious Award for Excellence in Corporate Governance in 2009

By Standing Conference of Public Enterprises.

5th Social and Corporate Governance Award Under the Category of "Best Corporate Social Responsibility Practice"

By Bombay Stock Exchange for 2010

Skoch Awards 2010 for "Computerisation of RRBs"

By Skoch for 2010

Global HR Excellance Award 2010 for the outstanding Contribution to the cause of Education

World HRD Congress

Asia Best Employer Brand Award" for Excellence in Training

By World HRD Congress for 2010

Award for Brand Excellance" under Banking & Financial Services

By CMO Asia for 2010

"CSR Excellence Award 2010" By ASSOCHAM

Skoch Challenge Award 2010For Livelihood Linkage of the milk producers in Bulandshahr District, Uttar Pradesh

Best use of Technology for Financial Inclusion for 2009-10.

By IDRBT.

Best Employer Brand Award Regional Round Award Winners-Indore

By Employer Branding Institute, India

Golden Peacock Award for Excellence in Corporate Governance

By Institute of Directors for 2009.

India Pride Awards for excellence in PSUBy Dainik Bhaskar in association with Daily News and Analysis for 2009.

Dun & Bradstreet Award for “Priority Sector Lending including Financial Inclusion.

By Dun & Bradstreet for 2009.

National Award for Excellence in Lending for Institutional Finance in Propagating KVI Programmes in NATIONAL LEVEL

By Khadi & Village Industry Commission, Ministry of Micro, Small & Medium Enterprises, Govt. of India, (Interest Subsidy Eligibility Certificate Scheme) for 2009.

National Award for Excellence in Lending for Institutional Finance for Propagating KVI Programmes in CENTRAL ZONE

By Khadi & Village Industry Commission, Ministry of Micro, Small & Medium Enterprises, Govt. of India(Prime Minister Employment Generation Programme) for 2009.

National Award for Excellence in Lending for Institutional Finance in Propagating KVI Programmes in NORTH ZONE

By Khadi & Village Industry Commission, Ministry of Micro, Small & Medium Enterprises, Govt. of India(Interest Subsidy Eligibility Certificate Scheme) for 2009.

National Award for Excellence in Lending for Institutional Finance in Propagating KVI Programmes in CENTRAL ZONE

By Khadi & Village Industry Commission, Ministry of Micro, Small & Medium Enterprises, Govt. of India(Interest Subsidy Eligibility

Certificate Scheme) for 2009.

VISION

"To be a Leading Global Bank with Pan India footprints and become a household brand in the Indo-Gangetic Plains providing entire range of financial products and services under one roof"

MISSION

"Banking for the unbanked"

City Branch CONTACT

Ashta Ashta Ganesh Market, Ashta, Mp - 466116

Balaghat Balaghat Distt Balaghat, Madhya Pradesh 481001

Banmore Banmore Industrial EstateBanmore Industrial Estate, Distt Morena, Mp 476444

Betul Betul Civil Lines, Betul. Mp 460001

BhopalBhopal, Hamidia Road

0755-2740126,0439 K L Luhana - Bhopal Hamidia Road, Distt. Bh . .

Bhopal, Marwari Road0755-2543114,3798 P K Agarwal - Distt. Bhopal (Madhya Pradesh) . .

Bhopal, New Market0755-2554665,2559100 B.K. Sharma - Bhopal New Market, Distt. Bhop Mp Bhopa 462003

Bhopal, Shahpura0755-2468830,2463073 Surjit Rai Taneja - E-7/635, Arrera Colony Shahpura, Bhopal . .

Bhopal, Jumerati0755-2543053,2536621 Krishna Kumar Lal - Bhopal Jumerati Bazar, Distt. Mp Bhopa 462001

Bhilwara, Bhopal Ganj - Bhopalganj Rj Bhilw 311001

Bhopal,T.T.Nagar0755-2552466,2552426 Mk Rehani - Bhopal Tt Nagar, Distt, Bhopal . .

Bhopal, Habib Ganj 0755-2552504 G.K.Sharma - (Madhya

Pradesh) . .

Rcc BhopalPnb Building, Area Hills, Bhopal, Mp 462011

Bhopal, Nehru Nagar0755-2768339,2770090 Xxxxx - Bhopal Nehru Nagar, Distt. Bho . .

Bhopal, Malik Market0755-2533954/2595760 P.J.Maheshwari - (Mp) Mp Bhopa 462001

Bhopal,Bairagarh0755-2641542 Harkirat Singh - Bairagarh, Bhopal (Mp) . .

Bhopal, Govindpura0755-2784769,2586338 K.J.S. Arora - Bhopal Govindpura, Distt. Bhop . .

Biaora Biaora Ab Road, Distt Rajgarh, Biaora, Mp 465674

Burhanpur Sanwara, Burhanpur Burhanpur

G.S.M. Burhanpur Burhanpur

Chhatarpur Chhattarpur Jawahar Marg, Chhatarpur, Mp - 471001

Chindwara Chhindwara Station Road, Chhindwara, Mp 480002

Damoh Damoh Sagar Road, Damoh, Mp 470661

Datia Datia, Municipal Chowk Datia

Gandhi Road, Datia Gandhi Road, Datia, Mp 475661

DewasDewas,Bajarangpura

07272-252089,253399 R K Aggarwal - 235,Bajrangpura,Dewas . Dewas 455001

Dewas Gate Ujjain Dewas Gate, Free Ganj, Ujjain, Mp

Dhamnod Ratlam,Dhanmandi Dhanmandi Ratlam ,Mp - 457001

Ganjbasoda Ganajbasoda Station Road, Ganjbasoda, Mp 464221

GwaliorLashkar, Srafa Bazar

Sarafa Bazar, Lashkar, Gwalior, Mp- 474001

Gwalior,Chetakpuri0751-2326964 Vinod K Agrawal - Chetakpuri,Ag Office Road,Gwalior Mp Gwali 474009

Morar,Gwalior0751-2368328,7433 K Velayudhan Nair - Mall Road, Morar Gwalior Mp Gwali

Jayendraganj Gwalior Jayendraganj , Gwalior , 474001

Gwalior,Hazira Tansen Road,Hazira Gwalior Mp- 474001

Indore Indore Siyaganj - Gg Tower, 24 Mg Road Mp Indor 452007

Indore,Sanwer Road0731-2421185.2422571 Sunil Barjatya - Marimata Chouraha,Indore Mp Indor 452006

Neemuch CanttNeemuch Cantt, Distt. Mandsaur, Indore Mp - 458441

Mphb Shopping ComplexMp Housing Board&Nbsp;Shopping Complex, A.B. Road, Indore (M.P.)

Indore, Keshar Bagh Road0731-2368687-2473754 Aupam Kulshreshtha - (M.P.) Mp Indor 452009

Indore, Indra Complex, Naval

0731-2475255,2468709 K.K. Dubey - Indira Comp Navlakha ,Indore Mp Indor

Rcc IndoreNaliya Bakhal, Bharat Marg, Indore, Maharashtra

Ashok Nagar, Indore Indore

Indore,Sitla Mata Bazar - 36,Sitlamata Bazar Mp Indor 450202

Indore,New Subzi Mandi0731-2330204,2330253 Narendra K Somani - New Sabzi Mandi ,Indore Mp Indor 452001

Indore,Manorama Ganj0731-2493846,2490753 K.L. Bajaj - Indore Manormaganj, Distt. Ind Mp Indor 452001

Jawahar Marg, Indore Jawahar Marg, Distt. Indore, Mp - 452004

Itarsi Itarsi Jai Stambh Chowk , Itarsi, Mp - 461111

Bhilakhedi Yard Itarsi, Distt Bhopal, Mp 462021

Jabalpur Vehicle Factory Vehicle Factory, Jabalpur, Mp - 482009

Jabalpur,Fouwara Chowk0761-2342390 O P Srivastava - Fouwara Chowk, Mp Jabpu 482002

Jabalpur,Ghamapur,Bai Ka Bag

07612620702,2621233 Cbs Ahirwar - Ghamapur,Bai Ka Bagicha Mp Jabpu 482001

Jabalpur Cantt Sadar Bazar Kingsway Jabalpur - 482001

Jabalpur,Shakti Nagar 0761-2422899,2422195 V.K. Marathe -

Shakti Nagar,Jabalpur Mp Jabpu 482002

Bhartipur Bhartipur Jabalpur Mp - 482002

Katni Katni Station Road, Katni, Mp 483501

Khandwa Khandwa Near Town Hall, Khandwa, Mp - 450001

Khargone KhargoneGurudwara Road, Tilak Path, Khargone, Mp 451001

Mandla Mandla Mandla

Mandsaur Mandsaur Main Opp. Ghantaghar, Mandsaur, Mp 478001

Mhow Mhow Cantt. Mhow Cantt.,Mp

Narsimhapur NarsinghpurMain Road, Kandeli, Narsinghpur, Mp 487001

Pipariya Pipariya Cement Road, Pipariya, Mp 461775

Pithampur Pithampur 101/B, Sector 3, Pithampur, Mp 454774

Ratlam Alkapuri, Ratlam Alkapuri, Ratlam, Mp 457001

Rewa RewaPrakash Chouraha Venkat Road, Rewa, Mp - 486001

Sagar Katra Bazar Saugor Katra Bazar, Saugor , Mp

Sagar Sadar Bazar Sadar Bazar, Sagar, Mp - 470002

Satna Satna Lalta Chowk Satna

Sehore Sehore Charkha Lane, Sehore, Mp 466001

Seoni Jinna ChowkJinna Chowk, Kazi Ward, Khargone, Seoni, Mp 480661

Shivpuri Shivpuri Agra Bombay Road, Shivpuri, Mp 473551

Sirmour Sirmour Sirmour, District Rewa, Mp 486448

Sironj Sironj, Vidisha Sironj, Distt. Vidisha, Mp 464228

Teonathar Teonthar Teonathar, District Rewa, Mp

Ujjain Barnagar Shivaji Path, Barnagar, Ujjain, Mp 456771

Subhash Nagar Subhash Nagar, Ujjain, Mp - 456001

Ujjain, Kanthal0734-2560440,2552365 Ashok Kumar Gangrade - Ujjain, Distt. Ujjain (Mp) . .

VidishaVidisha Main, M.P

07592-232996 Sudhir Kumar Sharma - Madho Ganj,Vidisha Mp Vidis 464001

Vidisha, Ssl Jain College S.S. L. Jain College Vidisha Mp - 464001

Guna Guna A.B. Road, Guna, Madhya Pradesh

Jabalpur Jabalpur, Jawaharganj0761 2481545 Ss Chhabra - (Madhya Pradesh) Rj Jabpu 482002

Satna Krishna Nagar Krishna Nagar, Satna, Mp - 485001

Gwalior Gwalior, New Bazar0751-2321017,2320645 S P Sharma - (Madhya Pradesh) Mp Gwali 474004

Bina BinaBina, Distt. Sagar, Madhya Pradesh - 470113

Hoshangabad Hoshangabad Hoshangabad M.P. - 461001

Harda Harda Distt. Harda , Madhya Pradesh

List of brand ambassadors?

3 WHIRLPOOL Kajol and Ajay Devgan4 RASNA Karisma Kapoor & Hrithik Roshan5 EPSON Printers Sushmita Sen6 NEWPORT Jeans Saif Ali Khan7 MARCO-RICCI Shoes Sanjay Dutt8 LEVIS Jeans Levis 501 range of jeans Bipasha Basu &. Shahrukh Khan9 ACME Clothing PROVOGUE Fardeen Khan10 RADO Lisa Ray11 MOVADAO Twinkle khanna12 LONGINES Aishwariya Rai13 TAG HEUER Sharukh/Sushmita sen14 Reebok Kaif15 Castrol Ajay Jadeja and Rahul Dravid16 Veedol Vinod Kambli17 Dixcy and Amul MALLIKA SHERAWAT18 BUICK CARS Tiger Woods, Preity Zinta19 Kamsutra Condoms POOJA BEDI AND MARC ROBINSON20 Mayur GAYTRI JOSHI21 MIRZA Tanners Ltd Red Tape Shoes Salman Khan22 FRANKFINN AIR HOSTESS ACEDEMY Soha Ali Khan

23.VEEDOL, PEPSI, EGGS, FOUR SQUARE, FIAT INDIA (PALIO), NESTLE NESFIT, PONDS CREAM, Vinod Kambli24 SONY ENTERTAINMENT TELEVISION,IBP,BADSAHA MALPANI GROUP TOBACCO,AC APPLE JUICE, CHANDRIKA BEAUTY PRODUCTS Jacky Shroff25 CAMAY Soap Dia Mirza26 Max New York Insurance Rahul Dravid27 Liril Priety Zinta, Harishta Bhatt, Tara Sharma.28 Air Deccan's Common Man (R. K. Laxman's cartoon)29 CREAM BELL Icecream Saif Ali Khan30 Ultra Heat Treatment (UHT) Milk, 'tetra pak India' company and SamsungTabu31 SKumars Tamarind (readymade wear) Hrithik Roshan.32 Pizza hut Mallika Arora Khan33 Godrej Consumer Products and Bausch & Lomb Mona singh (JASSI)34 MALABAR GOLD (Kerala) Sania Mirza35 TATA TEA. HP, Lotto, and Tata Indicom Sania Mirza36 RELAXO Chappls Aftab Sivdasani37 Yamaha John Abraham38 Indigo Nation UPEN PATEL.39 ASMI Diamonds KAJOL DEVGAN40 Speed/BPCL;AMBI PURE (Car Freshener) Narain Kartikeyan41 AIS Glass Shoaib Akhtar42 TVS Surya -Tamil Movie actor 43 Bank Of Rajasthan Hema Malini44 Canara Bank Venkatesh Prasad45 Bank Of Baroda Rahul Dravid46 Dena Bank Juhi Chawla47 ICICI Bank Amitabh Bachchan48 UTI Bank Mona singh (JASSI)49 Tata Tea Chakra Gold Tea Bhumika50 Pizza Hut, Hero Honda Karizma NANDANA SEN

Profile

ith over 60 million satisfied customers and more than 5100 offices including 5 overseas branches, PNB has continued to retain its leadership position amongst the nationalized banks. The bank enjoys strong fundamentals, large franchise value and good brand image. Besides

being ranked as one of India's top service brands, PNB has remained fully committed to its guiding principles of sound and prudent banking. Apart from offering banking products, the bank has also entered the credit card, debit card; bullion business; life and non-life insurance; Gold coins & asset management business, etc. PNB has earned many awards and accolades during the year in appreciation of excellence in services, Corporate Social Responsibility (CSR) practices, transparent governance structure, best use of technology and good human resource management. Since its humble beginning in 1895 with the distinction of being the first Swadeshi Bank to have been started with Indian capital, PNB has achieved significant growth in business which at the end of March 2011 amounted to Rs 5,55,005 crore. PNB is ranked as the 2nd largest bank in the country after SBI in terms of branch network, business and many other parameters. During the FY 2010-11, with 39.16% share of CASA to domestic deposits, the Bank achieved a net profit of Rs 4433 crore. Bank has a strong capital base with capital adequacy ratio of 12.42% as on Mar’11 as per Basel II with Tier I and Tier II capital ratio at 8.44% and 3.98% respectively. As on March’11, the Bank has the Gross and Net NPA ratio of 1.79% and 0.85% respectively. During the FY 2010-11, its ratio of Priority Sector Credit to Adjusted Net Bank Credit at 40.67% & Agriculture Credit to Adjusted Net Bank Credit at 19.30% was also higher than the stipulated requirement of 40% & 18% respectively. The Bank has been able to maintain its stakeholders’ interest by posting an improved NIM of 3.96% in Mar’11 (3.57% Mar’10). The Earning per Share improved to Rs 140.60 (Rs 123.86 Mar’10) while the Book value per share improved to Rs 661.20 (Rs 514.77 Mar’10). Punjab National Bank continues to maintain its frontline position in the Indian banking industry. In particular, the bank has retained its NUMBER ONE position among the nationalized banks in terms of number of branches, Deposit, Advances, total Business, Assets, Operating and Net profit in the year 2010-11. The impressive operational and financial performance has been brought about by Bank’s focus on customer based business with thrust on CASA deposits, Retail, SME & Agri Advances and with more inclusive approach to banking; better asset liability management; improved margin management, thrust on recovery and increased efficiency in core operations of the Bank. The performance highlights of the bank in terms of business and profit are shown below:

Rs. In CroreParameters Mar'09 Mar'10 Mar'11 CAGR(%)OperatingProfit 5690 7326 9056 26.16NetProfit 3091 3905 4433 19.76Deposit 209760 249330 312899 22.14Advance 154703 186601 242107 25.10TotalBusiness 364463 435931 555005 23.40 Bank always looked at technology as a key facilitator to provide better customer service and ensured that its ‘IT strategy’ follows the ‘Business strategy’ so as to arrive at “Best Fit”. The Bank has made rapid strides in this direction. All branches of the Bank are under Core Banking Solution (CBS) since Dec’08, thus covering 100% of its business and providing ‘Anytime Anywhere’ banking facility to all customers including customers of more than 3200 rural & semi urban branches. The Bank has also been offering Internet banking services to its customers which also enables on line booking of rail tickets, payment of utilities bills, purchase of airline

tickets, etc. Towards developing a cost effective alternative channels of delivery, the Bank with 5050 ATMs has the largest ATM network amongst Nationalized Banks. With the help of advanced technology, the Bank has been a frontrunner in the industry so far as the initiatives for Financial Inclusion is concerned. With its policy of inclusive growth, the Bank’s mission is “Banking for Unbanked”. The Bank has launched a drive for biometric smart card based technology enabled Financial Inclusion with the help of Business Correspondents/Business Facilitators (BC/BF) so as to reach out to the last mile customer. The Bank has started several innovative initiatives for marginal groups like rickshaw pullers, vegetable vendors, dairy farmers, construction workers, etc. Bank has launched a welfare scheme of adoption of village viz., “PNB VIKAS”. Under the scheme, Bank has selected 117 villages (60 in lead districts and 57 in non lead district) in different circles for all-round improvement in the living standards of the villagers. Besides, Bank has formed “PNB PRERNA”, an association of the wives of the Bank’s senior management. The association through its voluntary initiatives has undertaken activities like distribution of food to the poor and needy, provision of computers, books, stationary items to poor girl students at various orphanages and schools etc. Backed by strong domestic performance, the Bank is planning to realize its global aspirations. Bank has opened one branch each at Kabul and Dubai, two branches at Hong Kong and an Off Shore Banking Unit at Mumbai. In addition to the above, Bank has Representative offices at Almaty, Dubai, Shanghai and Oslo, a wholly owned subsidiary in UK with 7 branches and a subsidiary each in Kazakhstan & Bhutan, and  joint venture with Everest Bank Ltd. Nepal.  During the year, Bank acquired majority equity stake of 63.64% in Dana Bank of Kazakhstan.

Board of Directors

Shri. K.R.KamathChairman & Managing Directorand Dy. Chairman of Indian Banks Association

View Profile

Shri. Rakesh SethiExecutive Director

View Profile

Smt. Usha AnanthasubramanianExecutive Director

View Profile

Directors

Shri. Anurag JainGovt. of India Nominee Director

Shri. Jasbir SinghReserve Bank of India Nominee Director

Shri. Vinod Kumar MishraPart-time non-official Director

Shri. Tribhuwan Nath Chaturvedi Share Holder Director

Shri. G R SundaravadivelShare Holder Director

Shri. Devinder Kumar SinglaShare Holder Director

Shri. M P SinghWorkmen Employees Director

Shri. Pradeep KumarOfficer Director

Shri. M A AntulayPart-time non-official Director

Insurance Business

Punjab National Bank has taken a number of initiatives for the benefit of its invaluable customers and has virtually become one stop shop for various financial products & services.

Life Insurance

For Life-Insurance solutions of bank’s customers, the Bank has made Bancassurance Tie-up with leading Public Sector Undertaking “Life Insurance Corporation of India”, which has varieties of products suitable for people of all income groups and segments of society.

To Know More Click Here

Non-Life Insurance

The Bank has made Bancassurance Tie-up with Oriental Insurance Co. Ltd. (OICL), a Public Sector Undertaking, which offers variety of products e.g. Fire Insurance, Motor Vehicle Insurance, Marine Insurance & Misc. Insurance Policies like Shop-keepers’ Policy; Theft/Burglary Policy; Fidelity Guarantee Policy; Personal Accident Policy, Health Insurance Policy; Overseas Travel Insurance Policy, House Hold Goods Policy etc. at a competitive price with assured post sale services.

To Know More Click Here Mandatory Disclosure for distribution of Life-Insurance & Non-Life Insurance Products, as per RBI’s Directives.

Insurance is a subject matter of solicitation and the Policy is issued, based on contract between the Insured & Insurer

Participation by customers is on voluntary basis.

The contract will be between Insured & Insurer and not between Insured & the Bank.

Savings Fund Account

PNB Prudent Sweep Total Freedom Salary Account

PNB Vidyarthi SF Account

PNB Mitra SF Account

PNB Rakshak Scheme

PNB Shikshak Sweep Scheme

PNB Shikshak Overdraft Scheme

Scheme for Providing Overdraft Facility to Pensioners

Current Account

PNB Smart Roamer PNB Current Account

Fixed Deposit Schemes

AUTORENEWAL FD Scheme for Road Accident Victims

Recurring Deposit Scheme

PNB 555 & 1000days

PNB 777 days

PNB 1111 days

PNB Anupam Term Deposit Scheme

PNB Bal Vikas

PNB Combo Deposit Scheme

PNB Dugna Deposit Scheme

PNB Lakhpati Deposit Scheme-A

PNB Lakhpati Deposit Scheme(Recurring and Fixed Deposit)-B

PNB Multi Benefit Term Deposit Scheme

PNB Special Term Deposit Scheme

PNB Sugam Term Deposit Scheme

PNB Ordinary Term Deposit Scheme

PNB Varshik Aay Yojana (Vay) Deposit Scheme

PNB Swecha Jama Yojna/Flexi RD

PNB Tax Saver Fixed Deposit Scheme

Prospective Sr. Citizen Scheme

Loan against term deposits

Credit Schemes

List of Retail Asset Branches Housing Loan [PNB Flexible Housing Loan] - "Retail Tie-Up"

Car Finance - "Retail Tie-Up"

Two Wheeler Finance

Personal Loan

Professional Loan

Education Loan Scheme - "Retail Tie-Up"

Loan against Mortgage of Property

Personal Loan Scheme for Pensioners

Reverse Mortgage Scheme

Other Credit Scheme

Advance against Gold and Jewellery

Bplr rate

BPLR - 14.25% (w.e.f. 01.08.2011) BASE RATE - 10.75% (w.e.f. 01.08.2011

Brand Ambassador of pnb is Harbhajan Singh