Punjab National Bank
| Punjab National Bank
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | May 19, 1894 |
| Seat |
New Delhi , India
|
| management | Sunil Mehta |
| Number of employees | 74,897 (2017) |
| sales | 8.5 billion US dollars (2017) |
| Website | www.pnbindia.in |
Punjab National Bank (PNB) is an Indian multinational banking and financial services company. It is a public company based in New Delhi , the capital of India . As of March 31, 2017, the bank had over 80 million customers, 6,937 branches (7,000 on October 2, 2018) and 10,681 ATMs in 764 cities. The turnover stood at 8.5 billion US dollars and the total assets amounted to over 100 billion US dollars. PNB's shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India and are majority owned by the Indian government. The bank is part of the S&P CNX Nifty index .
PNB has a banking company in the UK (PNB International Bank with seven UK offices) and offices in Hong Kong , Dubai and Kabul . It has representative offices in Almaty ( Kazakhstan ), Dubai ( United Arab Emirates ), Shanghai ( People's Republic of China ), Oslo ( Norway ) and Sydney ( Australia ). The bank owns shares in financial institutions in Kazakhstan, Nepal and Bhutan .
history
The bank was founded on May 19, 1894 in Lahore (today's Pakistan ). The founding commission came from different parts of India, of different faiths and backgrounds, with the common goal of creating a national bank that would advance the country's economic interests. Among the founders was u. a. the independence fighter Lala Lajpat Rai . The bank is the oldest surviving bank in the country, founded with purely Indian capital. After Indian independence and the separation of the Indian subcontinent into the states of India and Pakistan, the headquarters were relocated to New Delhi. The bank is no longer active in Pakistan today as all the bank's assets were confiscated there during the Second Indo-Pakistani War in 1965. The bank was also expropriated in Burma ( Myanmar ) in 1963.
Well-known personalities such as Mohandas Karamchand Gandhi , Jawaharlal Nehru and Indira Gandhi were once customers of the bank.
The Punjab National Bank announced in February 2018 that it had discovered fraudulent transactions of up to $ 1.8 billion in just one of its branches.
Individual evidence
- ↑ Annual Financial Results for the period ended 31st March 2018 . PNB. Retrieved January 19, 2019.
- ^ Punjab National Bank on the Forbes World's Best Banks List. Retrieved March 20, 2019 .
- ^ Punjab National Bank . BSEindia.com. February 2014.
- ↑ Download List of CNX Nifty stocks (.csv) . NSE India. February 2014.
- ↑ a b Origin - Punjab National Bank. Retrieved March 20, 2019 .
- ↑ $ 1.8 trillion in India Bank Fraud Raises Fears of Ripple Effects .