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Punjab National Bank Reviews

New Delhi

4.7/ 5

3 reviews

Punjab National Bank (PNB), recognized as India's first Swadeshi Bank, is a premier public sector banking and financial services institution headquartered in New Delhi, India. Established on May 19, 1894, under the leadership of prominent national figures including Lala Lajpat Rai and Dyal Singh Majithia, the bank commenced its commercial operations on April 12, 1895, from Lahore. Founded entirely with Indian capital and managed by Indians to further the economic interests of the nation, PNB occupies a storied place in India's financial history, famously holding accounts for historic leaders like Mahatma Gandhi, Jawaharlal Nehru, and Lal Bahadur Shastri. Following its nationalization by the Government of India on July 19, 1969, PNB has grown to become the second-largest public sector bank in India in terms of business size and network infrastructure, trailing only the State Bank of India. The bank's domestic presence was significantly enlarged through the strategic mega-merger of Oriental Bank of Commerce and United Bank of India into Punjab National Bank, which became fully operational in April 2020. PNB operates as a robust financial conglomerate offering a multi-dimensional suite of services across several core business segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. Its retail and corporate offerings encompass extensive portfolio options including savings accounts, current accounts, term deposits, agricultural finance, MSME loans, housing loans, and export-import credit. Beyond traditional banking, PNB delivers modern digital infrastructure, facilitating mobile and internet banking via its unified PNB ONE application, alongside UPI, point-of-sale terminal solutions, and extensive credit card services. The bank’s footprint spans a vast national network of over 10,189 branches and 11,822 ATMs as of 2025, supported by a workforce exceeding 100,000 employees. Internationally, PNB extends its operations through a banking subsidiary in the United Kingdom (Punjab National Bank International Limited) and holds majority or strategic stakes in cross-border ventures, such as Druk PNB Bank in Bhutan, Everest Bank in Nepal, and JSC SB PNB Bank in Kazakhstan, alongside representative offices in key global hubs like Dubai, Shanghai, Oslo, and Sydney. Financially, Punjab National Bank is publicly listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The Government of India maintains a majority ownership stake of approximately 70.08% in the bank. Driven by strong operational performance, the bank recorded a total revenue from operations of approximately INR 1.38 lakh crore and a net income of INR 16,630 crore for the fiscal year ending March 2025. Backed by its massive asset base of over INR 18.18 lakh crore, PNB continues to focus on structured corporate governance, sustainable digital banking, and extensive corporate social responsibility initiatives to support India's long-term socioeconomic growth.