Punjab National Bank
Punjab National Bank is a nationalized bank which starts its operation 12th April in 1895. This bank is popularly called PNB. They provide financial products and services in personal, corporate, international and capital services.
Today PNB has become stronger and stronger with a network of 6937 Domestic branches and 10681 ATMs as on 31 March 2017. PNB has subsidiary not only in India but also out side India. Today it provides services to more than 80 million customers.
They provide services to many segments including Agricultural Banking, Corporate Banking, Financial Services, International or NRI Banking, Micro, Small and Medium Enterprises (MSME) Banking, Personal Banking, Social Banking and other online services. they also provide home loans to the customers.
It started its operations with a working capital of Rs 20,000 and Rs 2 lakhs of authorized capital. Today PNB has a market capital of Rs. 27,200 crore. In March 2017 the capital of the bank is Rs. 42559 lakhs. It increased from the previous years capital of Rs. 39272 Lakh. The operating profit increased to 28.5% from the previous financial year 2016 is Rs. 11339 crore to Rs. 14565 crore in the financial year 2017. Total business growth is 7.85 % which rose from 2016 Rs. 965377 Crore to Rs. 1041197 in March 2017.