PUNJAB NATIONAL BANK

Swati Salem
Roll Number: 114
Introduction
Origin

Punjab under the British especially after annexation in 1849 witnessed a period of rapid
development giving rise to a new educated class fired with a desire for freedom from the yoke of
slavery. Amongst the cherished desires of this new class was also an overriding ambition to start
a Swadeshi Bank with Indian Capital and management representing all sections of the Indian
community. The idea was first mooted by Rai Mool Raj of Arya Samaj who, as reported by Lala
Lajpat Rai, had long cherished the idea that Indians should have a national bank of their own. He
felt keenly "the fact that the Indian capital was being used to run English banks and companies,
the profits accruing from which went entirely to the Britishers whilst Indians had to contend
themselves with a small interest on their own capital".PNB was born on May 19, 1894. The
founding board was drawn from different parts of India professing different faiths and a varied
back-ground with, however, the common objective of providing country with a truly national bank
which would further the economic interest of the country.
The Bank opened for business on 12 April, 1895.

Punjab National Bank as of today…

Punjab National Bank (PNB) is an Indian multinational banking and financial services company.
It is a state-owned corporation based in New Delhi, India. The bank was founded in 1894. As of
31 March 2017, the bank has over 80 million customers, 6,937 branches (7,000 as on 2nd oct,
2018) and 10681 ATMs across 764 cities.[6]
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. It has representative
offices in Almaty (Kazakhstan), Dubai (United Arab
Emirates), Shanghai (China), Oslo(Norway), and Sydney (Australia).

Corporate Mission and Vision

Mission
"Creating Value for all its customers,Investors and Employees for being the first choice for all
stakeholders"

Vision
"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"
Organisational Structure
• Board of Directors
• General Managers
• Zonal Managers
• Circle Offices
• Branches

Awards

Business Performance
• The bank has shown a Net Profit of 247 crore.
• It has recovered 16600 crores
• Net NPA reduced by 302 bps over March’18 to 8.22%.
• Total RWA reduced by more than 89000 crore(YOY).
• Domestic NIM increased to 2.64% in Dec’18 up by 22bps over Mar’18.
• Domestic Deposits increased by ₹ 42619 crore YoY to reach ₹ 6.31 lakh crore.CASA
share at 43.42% improved by 40 bps over Sep’18.Increase of more than ₹ 8000 crore in
Saving Deposits over Mar’18.More than 33 lac new accounts added in Saving Deposits
during 9M FY19.
• Retail loans growth of 15.0% YoY. Medium enterprise growth 28.0%.Share of Small
Ticket Advances 54.4% as on Dec’18. Achieved national goals under Priority Sector with
41.95%, Total Agriculture Advance with 18.47% & Small & Marginal Farmers with
8.08% of ANBC.