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Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges.
Website. Official Website. Bharat Sanchar Nigam Limited (abbreviated as BSNL) is a state-owned telecommunications company, based in India, owned by the Government of India. It operates as a central public sector undertaking with its headquarters in New Delhi, India. BSNL falls under the jurisdiction of the Department of Telecommunications ...
fci .gov .in. The Food Corporation of India ( FCI) is a statutory body of the Government of India. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, formed by the enactment of Food Corporation Act, 1964 [2] by the Parliament of India. Its top official is designated as Chairman and Managing Director, who is ...
Punjab National Bank (abbreviated as PNB) is an Indian government public sector bank based in New Delhi. 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 .
PNB Housing Finance Limited (PNB Housing) is an Indian housing finance company registered with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on 11 November 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in ...
Indian Oil Corporation Limited ( IOCL or IOC; doing business as IndianOil) is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Headquartered in New Delhi, [4] it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas.
The Punjab National Bank Fraud Case relates to fraudulent letter of undertaking worth ₹12,000 crore (US$1.4 billion) issued by the Punjab National Bank at its Brady House branch in Fort, Mumbai; making Punjab National Bank liable for the amount. [1] The fraud was allegedly organized by jeweller and designer Nirav Modi.
Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. As of 18 April 2023, [update] the bank has 1553 branches which are widely spread across India out of which 635 branches are in the state of Punjab , and 25 zonal offices located all over India.