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Website. www .pnbindia .in. 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.
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.
PNB MetLife India Insurance Company Limited (PNB MetLife) established in 2001 is one of the leading life insurance companies in India.PNB MetLife shareholders include MetLife International Holdings LLC (MIHL), Punjab National Bank (PNB), Jammu & Kashmir Bank Limited (JKB), and M. Pallonji and Company Private Limited, as well as other private investors.
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.
In March 2024, Raj Kumar Chabbewal and Gurpreet Singh GP of INC joined AAP, both were announced candidates from Hoshiarpur and Fatehgarh Sahib constituencies respectively. [7] [8] Patiala MP Preneet Kaur joined BJP. [9] Sushil Rinku, who was announced as the AAP candidate for Jalandhar constituency, joined BJP, he was member of INC prior to AAP ...
Central Bank of India was one of the first banks in India to issue credit cards in the year 1980 in collaboration with Visa. [citation needed] On its 108th Foundation day, Central Bank of India launched its first step towards robotic banking, a robot named "MEDHA". CBI is one of twelve public sector banks in India that was recapitalised in 2009 ...
The economy of Punjab is the 16th largest state economy in India with ₹8.02 lakh crore (US$100 billion) [1] (FY2024-25) in gross domestic product and a per capita GDP of US$3460 (264,000) ranking 19th amongst Indian states. [7] [8]
Nirav Modi was born in Palanpur, Gujarat, and grew up in Antwerp, Belgium. His family has been in the diamond business for several generations. [11] [12] When he was 19, he and his father Deepak Modi moved to Mumbai to work in his uncle's business, Mehul Choksi, the head of Gitanjali Group, a retail jewellery company with 4,000 stores in India.
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