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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 .
Sardar Dyal Singh Majithia (1848–1898) was an Indian banker and activist in progressive and social reform measures in Punjab. [1] He established The Tribune English language newspaper in Lahore in 1881, and later remained founder chairman of the Punjab National Bank, established in 1894. [2] [3] Dyal Singh trust also donated many acres of ...
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded. [1]
The History of Punjab refers to the past history of Punjab region which is a geopolitical, cultural, and historical region in the northwest of South Asia, comprising eastern Punjab province in Pakistan and western Punjab state in India. [1] It is believed that the earliest evidence of human habitation in Punjab traces to the Soan valley of the ...
The Punjab Archives (Punjabi pronunciation: [pə̞ɲˈdʒäːb aːɾkaːiːʋz]) is a repository of the non-current historical and cultural records of South Asia, located in Lahore, Punjab, Pakistan. It was established in 1924 under British Punjab and is currently under the jurisdiction of the Government of Punjab, Pakistan .
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India. [5] On 15 April 1980, Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisation (the first wave had ...
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.