Punjab National bank (PNB) is one of the largest nationalised banks in India providing services to its customers. The bank enjoys strong fundamentals, large franchise value and good brand image.
PNB was founded on May 19, 1894. The founding board was drawn from different parts of India professing different faiths and having varied backgrounds, but with the common objective of providing India with a truly national bank which would further the economic interests of the country.
With more than 120 years of strong existence and 6,081 total branches including five foreign branches and 6,940 ATMs as on Mar 2014, PNB serves more than 8.9 crore customers.
The bank has overseas presence in 10 countries by way of five branches, three subsidiaries, a joint venture (JV) and five representative offices.
PNB has a strong capital base with capital adequacy ratio of 12.29 per cent as per Basel II and 11.52 per cent as per Basel III, as on March 2014. The bank has maintained its number one position with highest book value per share of Rs 952.50 (US$ 15.84) amongst peers, as at the end of FY 14.
PNB: People’s Bank
|2014||Wins Golden Peacock Innovative Product/Service Award|
|2013||Gets ranked 170th amongst World's Top 1000 Banks by 'The Banker' Magazine, London|
|2012||Receives Best Online Bank – 1st Runner Up by Indian Banks' Association|
|2009||Bags Emerson Uptime Champion Awards in the Government and PSU Category by Indian Express|
Updated: June, 2014