Punjab National Bank (PNB), 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.
Post amalgamation of eOBC & eUNI w.e.f 01.04.2020, PNB has expanded its presence across India with a network of 10925 branches, 13914 ATMs & 12346 Business Correspondents as at the end of 31st December’2020. PNB is the second largest Public Sector Bank (PSB) in the country with Global Business at Rs.18,09,587 crore. The Bank continues to maintain its forte in low cost CASA deposits with a share of 44.66%. Bank’s focus has been on qualitative business growth, recovery and arresting fresh slippages.