and first time exclusively by Indians, Punjab National Bank Ltd. was set Seven banks forming subsidiary of State Bank of India was nationalized in on. PNB was founded in the year at Lahore (presently in Pakistan) as an off-​shoot of the Swadeshi Movement. Among the inspired founders were Sardar. Punjab National Bank is an Indian multinational banking and financial services company. It is a state-owned corporation based in New Delhi, India. Founded in.

Punjab national bank formation -

In , the Bank took over the assets and liabilities of Bharat Bank Ltd. They awarded a project to Tata Consultancy Services TCS for implementing human capital management and payroll solution. Follow Us. In February , they commercially launched their credit cards with 2 types of consumer credit cards, namely Gold and Classic. Next Post. The Bank opened for business on 12 April 5. Surplus staff posed a big problem. The Bank, however, continued to maintain a few caretaker branches. They offer banking products, and also operate credit card and debit card business, bullion business, life and non-life insurance business, and gold coins and asset management business. Punjab National Bank was incorporated in the year at Lahore, undivided India. Solve Practice Questions for Free. Punjab national bank formationpunjab national bank formation amalgamated the Indo-Commercial Bank with it.