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Punjab National Bank (PNB) is a public sector bank in India with over 180 million customers and 12,248 branches. It was founded in 1894 and has a history of mergers, acquisitions, and nationalization.
The Punjab National Bank Scam involves fraudulent letter of undertaking worth ₹12,000 crore (US$1.4 billion) issued by the bank at its Mumbai branch. The scam is allegedly organized by jeweller Nirav Modi and his associates, who absconded in 2018 and are wanted by the Indian authorities.
Oriental Bank of Commerce (OBC) was an Indian public sector bank that merged with Punjab National Bank (PNB) in April 2020. OBC was founded in 1943 in Lahore and had 2390 branches and 2625 ATMs across India.
PNB Housing Finance Limited is an Indian housing finance company promoted by Punjab National Bank. It offers various loans and fixed deposits across India and has a network of 189 branches and 36 outreach offices.
United Bank of India was a nationalized bank that provided financial and banking services. It was merged with Punjab National Bank and Oriental Bank of Commerce on 1 April 2020, becoming the second largest public sector bank in India.
A comprehensive list of scheduled banks in India, including public sector, private sector, foreign and regional banks. See the bank name, establishment year, headquarters, government shareholding, branches, total assets and revenues.
Goel started his career in 1992 as a Chartered Accountant in Allahabad Bank. In 2016, he joined Union bank as an executive director after which in 2018 he was appointed as the MD of UCO Bank. In 2021, he joined Punjab National Bank as the Managing Director and Chief Executive Officer. He is also the Chairman of the Indian Bank's Association (IBA).
Learn about the history, types and features of banking in India, from ancient times to the present. Find out how the State Bank of India, the largest and oldest bank, evolved from the merger of three presidency banks and its associates.