Punjab National Bank
Punjab National Bank is one of the oldest banks in India. it was registered under the Indian companies Act in 1894.
The bank's offices were then located in Anarkali Bazaar Lahore. This bank is government owned and is the second largest commercial bank owned by the government of India.
it boasts of about 4500 branches in 764 cities all across the country. The bank has a client base of around 37 million customers. In 2007, the assets of this bank were estimated to be about US$60 million.
Banker's Almanac, London ranked the Punjab National bank as the 248th largest bank in the world. It also has an international banking subsidiary in the UK and has branches in the cities of Kabul and Hong Kong.
The bank also has offices that represent it in Dubai, Almaty and Shanghai. This bank is a nationalized bank India.
The Punjab National Bank offers a wide range of banking as well as financial services. Some of these services include industrial finance, agricultural finance and personal banking among others.
On offer are also personal loans, home loans and educational loans among others. Among its clientele are a number of small and medium sized industries. This is bank is the largest among all banks that have been nationalized in India. This bank has successfully established strong relationships and ties with about 217 international banks.
Online banking provided by this bank gives its clients 24/7 access to their accounts and their money. One is able to login to their account from wherever they may be, check their account balance or recent transactions. This has made it extremely easy for clients to manage their accounts even from the comfort of their homes.
The bank has been in the forefront of initializing programs that are geared toward financial schemes that benefit women and children. This information is readily available and can be accessed in any of the PNB branches across India. Part of the banks mission states that they hope to provide excellent services to their clientele while still looking out for the weaker sections of the society.
In 2006, the bank was awarded with the "best IT team of the year" at the IDRBT banking awards. Its efforts towards rural development were awarded in 2005 when the bank received an award from the FICCI. The bank has a number of other awards under its belt including the "best IT user in banking and financial services industry".