122. PNB Full-Form | What is Punjab National Bank (PNB)

By | December 23, 2019
PNB Full-Form | What is Punjab National Bank (PNB)

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PNB – Punjab National Bank

PNB Full-Form refers to Punjab National Bank. PNB Full-Form | What is Punjab National Bank (PNB)PNB or Punjab National Bank is financial services and banking company in India. The Indian Government owns this bank and has its head office in New Delhi. The base of PNB was laid in the year 1894. Currently, it has more than six thousand branches and over n ine thousand.ATMs that are scattered across more than seven hundred cities. Its customer base comprises of more than eighty million customers. PNB comes under the Big Four Bank in India. The other three banks under the Big Four are the SBI or the State Bank of India, ICICI Bank and the BOB or Bank of Baroda.

In the United Kingdom, this bank has a subsidiary, which is called the PNB Global Bank. The PNB Global Bank has seven branches in the United Kingdom. It also has its branches in Dubai, Hong Kong, Kabul, and Kowloon. Its representative offices are in Oslo (Norway), Dubai (UAE), Sydney (Australia), Shanghai (China), and Almaty (Afghanistan). Nearly fifty per cent of the Druk PNB Bank (Bhutan) comes under the ownership of PNB. In Nepal, twenty per cent of the Everest Bank Limited is also owned by PNB. It has fifty branches in Nepal itself. In Kazakhstan, eighty-four per cent of the JSC Bank is under the ownership of PNB, and it consists of four branches.

Lala Lajpat Rai was the founder of the Punjab National Bank. The main products and services of this bank include credit cards, corporate banking, investment banking, private banking, wealth management, consumer banking, insurance and finance, mortgage loans, and private equity. The bank’s revenue and net income in the year 213 were seven billion dollars and seven hundred and ten million dollars respectively. Its total assets are of the worth ninety-six billion dollars. There are more than sixty-eight people working for the Punjab National Bank, as of the year 2015. Out of these, nearly nine hundred of them are with some kind of disabilities. The average age of the employees was forty-six years during the same year.

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