Punjab National Bank
About Punjab National Bank
Punjab National Bank (PNB) is one of the leading public sector banks in India. Established in 1894, it is one of the oldest banks in the country and has played a significant role in India's banking history. Headquartered in New Delhi, PNB is known for its extensive branch network and diverse range of banking services. The bank has been instrumental in financing various sectors of the Indian economy, including agriculture, industry, and trade. With its tagline "The bank that begins with 'U'," PNB has built a strong reputation for customer service and financial innovation.
History of Punjab National Bank
Punjab National Bank was founded on 12 April 1894 in Lahore (now in Pakistan) by Sardar Dyal Singh Majithia, a prominent newspaper editor and philanthropist. The bank was established with the objective of promoting banking facilities in the undivided Punjab region. It was one of the first banks in India to be managed by Indians, breaking the monopoly of European banks in the Indian banking sector.
After the partition of India in 1947, PNB's head office was shifted to New Delhi. The bank has since grown significantly through organic expansion and strategic mergers. Notable among these was the merger with Oriental Bank of Commerce and United Bank of India in 2020, which created one of the largest public sector banks in India. This amalgamation significantly enhanced PNB's reach and market presence.
PNB has been at the forefront of banking technology in India, introducing several innovative products and services. The bank has consistently adapted to changing customer needs and technological advancements, positioning itself as a modern, customer-friendly bank.
Punjab National Bank Services
Punjab National Bank offers a comprehensive range of banking products and financial services to its customers, including:
- Retail Banking Services - Savings accounts, current accounts, fixed deposits, recurring deposits
- Corporate Banking Services - Working capital finance, term loans, trade finance
- Loans and Credit Facilities - Home loans, personal loans, auto loans, education loans, business loans
- NRI Banking Services - NRO accounts, NRE accounts, FCNR accounts, remittance services
- Debit and Credit Cards - Wide range of cards with various benefits and rewards
- Digital Banking Services - Internet banking, mobile banking, PNB ONE app
- Investment Services - Mutual funds, insurance products, demat services
- Government Banking - Treasury services, government business handling
Unique Facts about Punjab National Bank
- PNB is one of the oldest banks in India, established in 1894.
- It was the first Indian bank to open a branch outside India (in London in 1943).
- The bank has one of the largest branch networks among Indian public sector banks.
- After the merger with OBC and United Bank, it became one of the top 3 banks in India.
- PNB has been ranked among the top 100 banks globally by various international banking surveys.
You can find contact details and all the codes of all the Punjab National Bank branches in India here.