Punjab National Bank History

Punjab National bank is one of the most popular public sector banks of India which is maintained by the Government of India, right now this bank also get the position of 2^nd largest banks in India, PNB have around Seven Thousand Branches and approx 11000 ATM throughout the world, Punjab National Bank have around 80 million customers who get some valuable service by large number of PNB Employee, The figure of employee in PNB Bank is around 72000. If we talk about the revenue of this bank then PNB have revenue of around Rs 474.24 billion which equals to 7.4 billion US Dollar and in terms of assets Punjab National Bank have Rs 6673.90 billion assets which is around 100 billion US Dollar. So these are some current facts about Punjab National Bank now in the below paragraph I am going to tell you about the history of this bank.

Punjab National Bank was registered on 19^th of May 1894 in the city of Lahore which is currently in Pakistan.  The founding board members of Punjab National Bank was from different locations of India and their motive was to create a truly national bank which provides helps to our country in the economic sector in future. The founders of PNB Bank included some leaders of Swadeshi Movement which are as follows –

• ·        Dyal Singh Majithia
• ·        Lala Harkishen Lal
• ·        Lala Lalchand
• ·        Kali Prosanna Roy
• ·        E. C. Jessawala
• ·        Prabhu Dayal
• ·        Bakshi Jaishi Ram
• ·        Lala Dholan Dass
• ·        Lala Lajpat Rai

Punjab National Bank has also some opportunity to run the account of the famous personality of India like Mahatma Gandhi, Jawahar Lal Nehru, Lal Bahadur Shastri, Indira Gandhi and Jalianwala Bagh Committee. Before the historic partition of India and Pakistan, Punjab National Bank managed to move it’s all assets in New Delhi India on the 31^st of March 1947. Later on, Punjab National Bank merged with several Banks of India which are as follows –

• ·     Bharat Bank Ltd. in the year 1951
• ·     Universal Bank of India in the year 1961
• ·     Indo-Commercial Bank India in the year 1962
• ·     Hindustan Commercial Bank India in the year 1986      
• ·      New Bank of India in the year 1993
• ·      Nedungadi Bank in the year 2003

PNB was nationalized in the year 1969 by the Government of India. And right now as we can see that this bank is an important financial bank bone of India, So these are some information about the Punjab National Bank, If you have any query about this bank regarding PNB Bank Branches IFSC Code, PNB Bank Branches MICR Code, PNB Bank Toll free Number etc then you can easily get details for it on our website “Ask Bank IFSC Code” we have all the data related to this topics are mentioned in a logical way.

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