OUR PARENT COMPANY

Since its humble beginning in 1895 with the distinction of being the first Indian bank to have been started with Indian capital, PNB has achieved significant growth in business, maintaining its number ONE position amongst nationalized banks.

With over 70 million satisfied customers and with more than 5100 offices including 5 overseas branches and total business exceeding 6,00,000 crore, our parent Company Punjab National Bank (PNB) has continued to retain its leadership position among the nationalized banks. The bank enjoys strong fundamentals, large franchise value and good brand image. Having been ranked one of India's top service brands, PNB has remained fully committed to its guiding principles of sound and prudent banking.

The Banker’ has listed PNB at 250th place (amongst Top 1000 Banks in the World). Further, PNB is placed at the 11th position among 48 Indian firms making it to a list of the world’s biggest companies compiled by the US magazine ‘Forbes’. Financial Express customer survey has placed 7th as most efficient bank.

Backed by strong domestic performance, the bank is planning to realize its global aspirations. In order to increase its international presence, the Bank continues its selective foray in international markets with presence in Hongkong, Dubai, Kazakhstan, UK, Shanghai, Singapore, Kabul, Bhutan and Norway. Bank is also in the process of establishing its presence in Canada and other countries. The bank also has a joint venture with Everest Bank Ltd. (EBL), Nepal. Keeping the long term vision, Bank proposes to start its operation in Fiji Island, Australia and Indonesia. Bank continues with its goal to become a household brand with global expertise.

PNB has always looked at technology as a key facilitator to provide better customer service and ensured that its ‘IT strategy’ follows the ‘Business strategy’ so as to arrive at “Best Fit”. The bank has made rapid strides in this direction. Alongwith the achievement of 100% branch computerization, one of the major achievements of the Bank is covering all the branches of the Bank under Core Banking Solution (CBS), thus covering 100% of its business and providing ‘Anytime Anywhere’ banking facility to all customers including customers of more than 2000 rural branches. The bank has also been offering Internet banking services to the customers of CBS branches like booking of tickets, payment of bills of utilities, purchase of airline tickets etc. Towards developing a cost effective alternative channels of delivery, the bank with more than 3700 ATMs has the largest ATM network amongst Nationalised Banks.