PNB Full Form: Know All About PNB Here!
By BYJU'S Exam Prep
Updated on: September 25th, 2023
PNB Full Form: While studying for banking exams, many people wonder what is the full form of PNB. The full form of PNB is Punjab National Bank. Punjab underwent explosive growth under British rule, especially after annexation in 1849, leading to the emergence of a new educated class motivated by a desire to be free of the yoke of slavery. One of this growing class’s most cherished aspirations was establishing a Swadeshi Bank with Indian capital and management drawn from all sections of the Indian population.
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On May 19, 1894, PNB was born. The founding board was made up of people from all over India, from many faiths and backgrounds, but all with the similar goal of providing the country with a truly national bank that would serve the country’s economic interests. The bank first opened its doors on April 12, 1895.
The first branch outside of Lahore opened in Rawalpindi in 1900. Since its creation in 1895, PNB has been a People’s bank, serving millions of people all over the country and having the privilege of serving great national leaders, including Smt. Indira Gandhi and Jawahar Lal Nehru.
Organizational Structure Of PNB
The chairman of the Punjab National Bank (International) Limited Board is Mr CH. S. S. Mallikarjuna Rao. He is the Managing Director and Chief Executive Officer of Punjab National Bank, a banker with over 35 years of expertise. In 1985, he began his banking career as a probationary officer with the Bank of Maharashtra.
|
Name |
Designation |
|
Shri CH. S. S. Mallikarjuna Rao |
Managing Director and Chief Executive Officer |
|
Shri Sanjay Kumar |
Executive Director |
|
Shri Vijay Dube |
Executive Director |
|
Shri Swarup Kumar Saha |
Executive Director |
|
Shri Pankaj Jain |
Govt. Of India Nominee Director |
|
Shri Vivek Aggarwal |
Reserve Bank Of India Nominee Director |
|
Dr Asha Bhandarekar |
Shareholder Director |
|
Shri Gautam Guha |
Shareholder Director |
Headquarters of PNB
The Punjab National Bank (PNB), India’s first Swadeshi bank, began operations on April 12, 1895, in Lahore, with a Rs 2 lac authorized capital and a Rs 20,000 working capital. The bank was founded in the spirit of nationalism, and it was the first bank entirely managed by Indians and wholly funded by Indian money. Its headquarters are in Dwarka, New Delhi, India.
Products And Functions of PNB
PNB, based in New Delhi, offers a comprehensive range of financial and banking services, including credit and debit cards, savings and current accounts, loans, and investments. The bank has 6989 branches and 9255 ATMs across the country (as of March 2019).
Punjab National Bank provides its customers with a variety of savings accounts, ranging from standard to premium accounts and family protection and pay accounts, to meet their financial needs. PNB offers two types of current accounts to meet the demands of its customers. Individuals, firms, HUFs, and companies can use a PNB current account for frequent financial transactions.
Its loan offerings include home loans, vehicle loans, two-wheeler loans, education loans, gold loans, and personal loans, to name a few. Fixed deposits, recurring deposits, credit cards, and debit cards are among the bank’s investment and card services.
Customers of Punjab National Bank can check their account balances using net banking, mobile banking, SMS, ATMs, and by calling the 24-hour customer service number. Customers can also verify their latest ten transactions through net banking, mobile banking, SMS, ATMs, and the PNB customer service number. Account-holders can also call the PNB customer care number for immediate assistance with their problems and complaints, as well as answers to their concerns.
Vacancies in PNB
Candidates can visit the PNB Careers website to discover more about the financial institution, what it’s like to work there, and how to apply for open positions. This article included information about PNB Vacancies, PNB Full Form, PNB History, and PNB Functions. We hope you found this information to be of assistance. Please contact us if you have any questions, and we would be pleased to assist you.
We hope this information was useful to you. Like the full form of PNB, you can learn from others our articles. This would be extremely beneficial for a banking exam.
Also, Check:
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- CUB Full Form
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