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 and was 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. Domestic Business increased by 5.2 % YoY to Rs. 11,44,730 crore as at the end of December’19 from Rs. 10,87,973 crore in December’18. The Bank continues to maintain its forte in low cost CASA deposits with share at 43.74%. Bank’s focus has been on qualitative business growth, recovery and arresting fresh slippages.