Punjab National Bank

Punjab National Bank

Punjab National Bank, which started operations in Lahore in 1895, was the first bank in India to be fully controlled by Indians. The bank, which started operations in Lahore, was fully funded by the freedom fighters who led the Indian Swadeshi movement. The bank was founded under the leadership of Lala Lajpat Rai. The bank, which started operations in New Delhi as a microfinance institution, is currently the second largest public sector bank in India. This achievement was achieved with the merger of banks after April 1, 2020. In 1969, PNB was nationalized along with 13 other banks in India. In the history of PNB, it has acquired Bhagwan Das Bank, Universal Bank of India, Hindustan Commercial Bank, New Bank of India, Nedungadi Bank, Oriental Bank of Commerce, and United Bank of India. Currently, PNB has about 5,000 branches in India and abroad. New Delhi is the headquarters of Punjab National Bank.