PUNJAB NATIONAL BANK
Punjab National Bank (PNB) is an Indian nationalised bank. Its headquarters are in New Delhi, India. It is under the ownership of Ministry of Finance, Government of India. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network. The bank has over 180 million customers, 12,248+ branches, and 13,000+ ATMs. PNB has a banking subsidiary in the UK (PNB International Bank, with seven branches in the UK), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul.
Key products & services of this bank are: Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management. Punjab National Bank operates as a commercial bank. It operates through the following segments: Treasury, Corporate/Wholesale, Retail Banking, and Other Banking Operations. Its products include personal, corporate, international, and capital services.
The bank’s mission is creating value for all its customers, investors and employees for being the first choice for all stakeholders. Its vision is to position PNB as the `Most Preferred Bank` for customers, the `Best Place to Work In` for employees and a `Benchmark of Excellence` for the industry.
PNB intends to be a catalyst for change that benefits present and future generations. Sustainability is an integral part of PNB’s activities – in their business and beyond. Thus, they believe in being responsible to all of their stake holders, society and the environment.
They have also contributed to society through Farmers Training Centres & Rural Self Employment & Training Institutes which come under the ambit of PNB Farmers Welfare Trust & PNB Centenary Rural Development Trust respectively, Financial Literacy & Credit Counselling Centres, PNB Prerna and other such initiatives. They have helped the underprivileged communities to overcome unemployment and poverty and shape their own future through education and skill development programmes.
Their shareholding pattern consists of Promoters and Promoter Group having 73.15% of shares, Public having 13.07% shares, following by FII’s having 2.51% shares and DII’s with 11.27% shares.
