2023 2024 EduVark > Education Discussion > Banks Related


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October 4th, 2017, 12:30 PM
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Join Date: Mar 2012
Re: PNB National Bank

Punjab National Bank (PNB) is an Indian multinational managing an account and money related administrations organization. It is a state-claimed organization situated in New Delhi, India. The bank was established in 1894. Starting at 31 March 2017 the bank has more than 80 million clients, 6,937 branches, and 10681 ATMs crosswise over 764 urban communities.

PNB has a managing an account auxiliary in the UK (PNB International Bank, with seven branches in the UK), and in addition branches in Hong Kong, Kowloon, Dubai, and Kabul. It has delegate workplaces in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan it claims 51% of Druk PNB Bank, which has five branches. In Nepal PNB claims 20% of Everest Bank Limited, which has 50 branches. In conclusion, PNB possesses 84% of JSC (SB) PNB Bank in Kazakhstan, which has four branches.

Profile

Punjab National Bank, India's first Swadeshi Bank, initiated its operations on April 12, 1895 from Lahore, with an approved capital of Rs 2 lac and working capital of Rs 20,000. The far-located visionaries and nationalists like Lala Lajpat Rai, Mr. E C Jessawala, Babu Kali Prasono Roy, Lala Harkishan Lal and Sardar Dyal Singh Majithia showed fearlessness in offering articulation to the soul of patriotism by building up the main bank simply oversaw by the Indians with Indian Capital.

Business Performance:

Amid the long history of more than 122 years of the Bank, 7 banks have converged with PNB and it has turned out to be more grounded and more grounded with a system of 6937 Domestic branches and 10681 ATMs as on 31st March 2017. The Business figures of the Bank as on 31st March 2017 is given as under:

Business Performance





Enhanced Visibility

To make a practical upper hand, the Bank is concentrating on reinforcing brand value by interfacing with the Gen-Next section. Towards this, the Bank has made the accompanying strides:

The Bank has made authority make a big appearance on the long range informal communication locales i.e., Twitter and LinkedIn, with a point of reinforcing "Brand PNB" via web-based networking media and to connect with clients in a cost effective way.

Mr. Virat Kohli, a famous and vivacious youthful cricketer has been picked as brand diplomat of the Bank due to his mass interest to the adolescent of the nation.

Digital Banking

The Bank has additionally quickened the pace of digitalization and number of new age computerized activities have been acquainted with give more prominent simplicity and enhanced conveyance of items and administrations to clients.

With the development of Bank and various substitute channels becoming an integral factor, innovation upgradation must be a constant procedure.

With the point of conveying forward the advanced push and expanding e-exchanges, numerous new activities were attempted. Versatile based saving money application, called Unified Payment Interface (UPI), has been produced encouraging the clients to get to their Bank accounts opened with various Banks in a solitary application. Aadhaar based installment through UPI has been empowered.

PNB wallet named "PNB Kitty" was propelled that fills in as a virtual record that holds cash online for e-installments. Business Debit Card was propelled with higher ATM/POS/E-com exchange limits viz. upto Rs 100000 every day at ATMs and joined farthest point of Rs 300000 every day (POS/E-com) for corporate customers. RuPay EMV charge cards,has been empowered for International Transactions.


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