Punjab National Bank

Punjab National Bank (PNB) stands tall as one of India’s oldest and most revered banking institutions. With over a century of experience, PNB has been a cornerstone of financial stability, consistently delivering quality services and innovative solutions. PNB takes pride in being a trusted partner in the financial journey of millions. PNB is one of the largest Public Sector Bank (PSB) in the country with Global Gross Business at ₹ 22, 14,741 Crore.


Established in 1894, PNB has witnessed the evolution of India’s financial landscape. From humble beginnings, it has grown into a robust banking powerhouse, setting benchmarks for integrity, transparency, and customer-centricity. With an illustrious history, PNB continues to be a beacon of trust in the banking sector. Since their inception, they always have been a people’s bank . During its detailed history, atleast 9 banks have been merged with PNB.

  • Foundation and Early Years (1894-1947): PNB was founded in Lahore, undivided India, on May 19, 1894, under the leadership of Lala Lajpat Rai. The bank initially aimed to cater to the financial needs of the local community. Over the years, it expanded its presence across various regions of India.
  • Post-Independence Growth (1947-1980s): Following India’s independence in 1947, PNB played a crucial role in the country’s economic development. It continued to expand its branch network, introducing modern banking practices and services. The nationalization of major banks in 1969 further solidified PNB’s status as a public sector bank.
  • Technological Advancements (1990s-2000s): The 1990s saw PNB embracing technological advancements in the banking sector. The bank introduced core banking solutions, online banking, and electronic fund transfer services. These changes aimed to enhance customer convenience and operational efficiency.
  • Global Expansion (2000s-Present): In line with India’s growing global presence, PNB also expanded its footprint internationally. The bank established branches and subsidiaries in various countries, catering to the needs of Non-Resident Indians (NRIs) and international trade.
  • Merger and Challenges: PNB faced challenges in the form of non-performing assets (NPAs) and fraudulent activities in the 2010s. One of the most significant challenges was the Nirav Modi fraud case in 2018, which involved fraudulent transactions worth billions of dollars. However, the bank undertook measures to address these issues and improve its risk management practices.
  • Current Scenario: As of my last knowledge update in September 2021, PNB continued to operate as a prominent public sector bank in India. It has focused on improving its asset quality, adopting digital banking solutions, and enhancing customer services.

Vision & Mission

Vision: To be the most admired and responsible bank that creates value for all stakeholders.

Mission: To provide seamless, innovative, and customized financial solutions, fostering economic growth and social development.

Products and Services

Retail Banking:

PNB provides various retail banking services, including savings and current accounts, fixed deposits, and recurring deposits. These accounts offer different features and benefits to cater to the diverse needs of customers.

Loans and Credit:

PNB offers a variety of loan products such as home loans, personal loans, vehicle loans, and education loans. These loans come with competitive interest rates and flexible repayment options.

Corporate Banking:

PNB serves the corporate sector by offering services like working capital loans, term loans, trade finance, and cash management solutions. The bank supports businesses in their growth and expansion endeavours.

International Banking:

PNB has a strong international presence with branches in several countries. It offers foreign exchange services, international trade financing, remittance services, and other global banking solutions.

Investment and Wealth Management:

PNB provides investment and wealth management services, including mutual funds, insurance products, and investment advisory services. It helps customers plan for their financial future.

Digital Banking:

 In line with the modernization of banking services, PNB offers various digital banking solutions. These include online banking, mobile banking, and digital payment services, making banking more convenient for customers.

Government Banking:

 PNB plays a crucial role in the government’s financial operations. It handles various government transactions, including tax collections, pension payments, and disbursement of subsidies.

International Presence

PNB has not only made its mark within India but has also established an international presence. The bank operates branches in various countries, enabling it to serve the needs of Non-Resident Indians (NRIs) and international customers.

Financial Performance

Over the years, PNB has showcased robust financial performance, with steady growth in assets and profitability. However, like any financial institution, it has faced challenges and undergone reforms to strengthen its governance and risk management practices.

Innovations and Initiatives

PNB has been proactive in adopting technological advancements to provide efficient services. It has introduced mobile banking apps, internet banking, and digital wallets, making transactions and account management more convenient for customers.

Corporate Social Responsibility (CSR)

At PNB, sustainability, and growth of education and healthcare are integral part of PNB’s CSR activities. It includes spreading literacy, providing financial support  to charitable tests, promoting health and hygiene, supporting marginalized sections of society.

PNB has extended support for improving the conditions of educational institutes in the under-deserved areas of Rajasthan, Gujarat, Uttarakhand, West Bengal, Telangana, and Delhi.  To augment their efforts, the families are involved to carry forward these activities

Being a socially responsible organization, they contribute to the society through Farmers Training Centres and Rural Self employment and training institutes. Nearly 90000 people benefit from these trainings

In the healthcare sector, they provide ambulance to Kerala Municipal Corporation to support their healthcare.

Challenges and Resilience

PNB faced a major setback in 2018 when it was involved in a significant fraud case. However, the bank demonstrated resilience, taking corrective measures to enhance its internal controls, risk management systems, and corporate governance practices.

Future Prospects

 Looking ahead, PNB aims to continue its growth trajectory by embracing digital transformation, expanding its customer base, and enhancing customer experience. The bank’s ability to adapt to changing market dynamics will play a crucial role in determining its future success.


Punjab National Bank remains committed to delivering unparalleled banking experiences, rooted in a legacy of trust and integrity. Their vision for the future is to continue being a force for positive change in the financial lives of individuals, businesses, and communities.