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Punjab National Bank (abbreviated as PNB) is an Indian government public sector bank based in New Delhi. [ 5 ] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs. [ 6 ][ 3 ] PNB has a banking subsidiary in the UK ...
The proposed merger would make Punjab National Bank the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$220 billion) and 11,437 branches. [2] [3] MD and CEO of UBI, Ashok Kumar Pradhan, stated that the merged entity would begin functioning from 1 April 2020. [4] [5] The Union Cabinet approved the merger ...
Shareholders of OBC and UBI will receive 1,150 shares and 121 shares of Punjab National Bank, respectively, for every 1,000 shares they hold. [57] The merge came into effect since 1 April 2020. Post merger, Punjab National Bank has become the second largest public sector bank in India [58]
Central Bank of India (93.08%) UCO Bank (95.39%) Indian Overseas Bank (96.38%) Punjab and Sind Bank (98.25%) Presently there are 43 Regional Rural Banks in India Since 1 April 2020.[9] Andhra Pradesh. Andhra Pragathi Grameena Bank [10] Chaitanya Godavari Gramin Bank. Saptagiri Gramin Bank.
New Bank of India. New Bank of India was established in 1936, in Lahore by Mulk Raj Kohli, a professor of Economics turned banker. It moved its head office to Amritsar in 1947, and then to New Delhi in 1956. It acquired Didwana Industrial Bank in 1965, Chawla Bank in 1969, and Sahukara Bank in 1971. Earlier New Bank of India had acquired Punjab ...
Oriental Bank of Commerce. Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana. It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India was merged with Punjab National Bank, making the latter the second-largest public sector bank in India. [4]
12.76% (2020) Website. punjabandsindbank.co.in. Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. [3] As of 31 March 2024, the bank has 1564 branches, which are widely spread across India. The largest number of branches are in the state of Punjab - 635 branches. The bank has 25 zonal offices, which are located all ...
Merged with the Madras Bank, The Carnatic Bank, and the British Bank of Madras to form the Bank of Madras in 1843. Madras Presidency. [2][3][4][5] 5. Bank of Calcutta. 1806. 1921. merged with the Bank of Bombay and Bank of Madras in 1921 to form the Imperial Bank of India. Calcutta.