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The full form of PNB is Punjab National Bank. It is one of the largest public sector banks in India. It was founded on April 12, 1895, in Lahore, Punjab, British India. The bank’s headquarters is in New Delhi, India.
PNB offers a wide range of banking products and services, including savings accounts, current accounts, loans, credit cards, insurance, and investment products. It also has a strong presence in the international market, with many branches and offices in over 20 countries. PNB is a well-respected bank with a long history of providing reliable financial services. It is also one of the safest banks in India, with a strong financial position.
Must Read: All About Banking
History of PNB
Table of Contents
The first Swadeshi bank in India, the Punjab National Bank (PNB), began operations on April 12, 1895, in Lahore with a working capital of 20,000 and authorised capital of 2 lac. This Bank was the first bank solely run by Indians with Indian capital, and it was founded in the spirit of nationalism.
Indian banker and advocate for progressive and social reform initiatives in Punjab, Sardar Dyal Singh Majithia. In 1881, he founded The Tribune, an English-language newspaper in Lahore. Later on, he continued to serve as founding chairman of the Punjab National Bank, which was founded in 1894.
Reasons Why PNB is Best
Here are some of the reasons why PNB is a good bank:
- It is a large and well-established bank with a wide network of branches and ATMs.
- It offers a wide range of banking products and services to meet the needs of different customers.
- It is a safe and secure bank with a strong financial position.
- It has a good reputation for customer service.
- It is constantly innovating and offering new products and services
Must Read: Best Bank Account for International Students
This was all about the full form of PNB. For more information on full forms, visit our general knowledge section.