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, 9 banks have been merged with PNB. The financial year 2019-
20 was significant in view of the announcement of amalgamation of Public sector
Banks wherein Oriental Bank of Commerce and United Bank of India
amalgamated with Punjab National Bank with effect from April 1, 2020.
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. As at the end of
30th June 2020, PNB is the second largest Public sector Bank (PSB) of the country.
Global Business increased by 2.7 % YoY to Rs.17,96,612 crore as at the end of
June’20 from Rs.17,49,047 crore in June’19. The Bank continues to maintain its
forte in low cost CASA deposits with share at 43.45%. Bank’s focus has been on
qualitative business growth, recovery and arresting fresh slippages.