Punjab National Bank, India?s first Swadeshi Bank, commenced its operations on
April 12, 1895 from Lahore, with an authorised capital of Rs 2 lac and working
capital of Rs 20,000. The Bank was established by the spirit of nationalism by
establishing the first bank purely managed by Indians with Indian Capital. During
the long history of the Bank, 7 banks have merged with PNB.
The Bank?s brand image and trust reposed by its customers have been reflected in
growing customer base and rising business graph of the Bank. Successful in
accretion of Rs. 1,00,000 crore in Domestic Business of the Bank which is now
over Rs.11.45 lakh crore and the Bank continues to maintain its forte in low cost
CASA deposits. The Bank has shaken off one of the biggest adversities in its
history and has rebounded back. Focus on recovery and arresting fresh slippages
with a simultaneous shift towards higher earnings through qualitative credit
growth alongwith rationalization of Risk Weighted Assets (RWAs).
The Bank has been able to achieve better results in the quarter owing to MISSION PARIVARTAN, a transformational exercise underway for Business Excellence aimed at enhancing Efficiency, Productivity and Profitability for long term sustenance and giving the Bank an edge over its competitors. `Mission Parivartan Division`, an independent `THINK TANK` formed to initiate, implement and drive change through improvement in People, Products and Processes, has enabled Bank to serve the customers with enhanced vigour and zeal to live upto its tagline “The Name you can Bank Upon”.