Punjab National Bank
NSE: PNB BSE: 532461
₹120.37
-2.13 (1.74%)
Sun, 25 Oct 2026, 11:54 am
Market Cap (in Cr)138317.57
PE Ratio6.05
Dividend2.49
Finance
Major Banks
24.5KPunjab National Bank Company History
1996
- Developed package for corporate customers for fast remittance from up-country branches.
- Introduced 'Chief Host' concept for customer complaint resolution.
- Entered arranging Mergers, Acquisitions, and Takeovers.
2000
- Introduced scheme for finance against mortgage of immovable property.
- Punjab National Bank and Bank of Baroda to form subsidiary for life insurance.
- Launched gold import scheme with Commerzbank.
- ICRA assigned LAAA rating to Rs 240 crore subordinated bond issue.
- First public sector bank to launch Voluntary Retirement Scheme.
- Entered credit card market with Gold and Classic variants.
- Launched co-branded Credit Card with Hongkong & Shanghai Banking Corporation in New Delhi.
- PNB Gilts Ltd launched retail scheme using PNB branches for govt. securities.
- Mr. T S Narayansami took over as executive director.
2002
- Incorporated Mid-Corporate Branch in Bangalore for clients with Rs 3.5 crore credit limit.
- Entered joint venture with Infosys for Centralised Banking Solution covering 1,500-2,000 branches by 2004.
- Held first AGM; elected Dr Pritam Singh and Sh Mohanjit Singh as Directors.
- Nominated Ms. Malathi Mohan as Company Secretary.
- Launched 'Fin-Basket' composite retail loan package.
- Received Best Bank Award for banking technology.
- Tied up with Cisco Systems for networking 3,870 branches.
2003
- Took over Nedungadi Bank Ltd with 174 branches.
- Entered alliance with New India Assurance for general insurance.
- Shri V K Sibal resigned from Board.
- Signed MOU with Principal Financial Services and Vijaya Bank for JV in life insurance, pensions, and asset management.
- Formed strategic alliance with IL&FS for private equity fund.
- Set up Representative Office in London and received license for Offshore Banking Unit in Mumbai.
- Entered ATM sharing agreement with Oriental Bank of Commerce, Indian Bank, UTI Bank, and Global Trust Bank.
- Entered pact with Principal Financial Group for insurance and pension fund.
- Principal PNB Asset Management Company formed with Vijaya Bank.
- Received RBI approval for Offshore Banking Unit at SEZ Noida.
- Decided to amalgamate PNB Caps with itself.
- Unveiled scheme to help SSIs get ISO 9000.
- Approved investment of Rs 250 million in Leverage India Fund and MoU with IL&FS.
- Shri K D Khera ceased as Director.
- Nominated Shri Anand Swarup Agarwal as part-time non-official Director.
2004
- Nominated Dr. K.V. Rajan as RBI nominee director.
- Acquired assets of Hindustan Transmission Product Limited under Sarfaesi.
- Entered four-way partnership with Vijaya Bank, Principal Financial, and Berger Paints for insurance broking.
- Signed corporate agency agreement with ECGC for export credit insurance.
- Signed agreement with NCR Corporation for cheque truncation.
- Signed MoU with Intel for IT solutions.
- Signed MoU with ICICI Bank for ATM sharing.
- Accomplished RTGS installation.
- Implemented LADDER system for credit monitoring and NPA management.
- Appointed LP Agrawal, Ranjan Dhawan, I D Singh, P K Mitra, K S Bajwa, V P Chowdhary, and B P Chopra as General Managers.
- Mandated TCS for HR solutions.
- Entered money transfer arrangement with Western Union via Weizmann Forex.
- Opened branch in Kabul, Afghanistan.
- Launched new loan scheme in alliance with NMCE.
- Entered JV with Principal Financial Group.
- Tied up with Escorts for farmer training centre sponsorship.
- Launched corporate internet banking facility.
2005
- Appointed Shri S C Gupta as Chairman & Managing Director.
- Unveiled ATM at Edappal.
2006
- Tied up with MasterCard International for signature-based debit card.
- Opened branch in Uttaranchal.
- Tied up with Indian Airlines for online air ticket booking.
- Appointed Shri Rakesh Singh as Government nominee Director.
- Tied up with IDBI Capital.
- Sh. A S Agarwal demitted office as Government nominee Director.
2007
- Appointed Shri Ramesh Kumar Kochar as Company Secretary.
- Appointed Shri Jag Mohan Garg as Executive Director.
- Entered MoU with India Infrastructure Finance Co.
2008
- Entered MoU with IL&FS Cluster Development Initiative for industrial infrastructure financing.
- Tied up with Networth Stock Broking for internet trading.
- Cut prime lending rate by 50 basis points.
- Opened 69th branch at Khammam.
- Opened 133rd branch in Kerala at Kozhikode.
- Nominated Shri Vinod Kumar Mishra as part-time non-official Director.
2009
- Opened branch at Leicester, Britain.
- Appointed Shri Nagesh Pydah and Shri M.V. Tanksale as Executive Directors.
- Set up second branch in Hong Kong for retail banking.
- Entered pact with Ashok Leyland for commercial vehicle customer finance.
- Appointed Sh. K R Kamath as Chairman and Managing Director.
2010
- Appointed Shri Mohinder Paul Singh as Workmen Employees Director.
- Forged alliance with Oriental Insurance for floater Health Insurance Policy.
- Offered home loans at 8.5% teaser rate for up to Rs 50 lakh.
- Launched PNB-Oriental Royal Mediclaim Policy.
- Acquired 63.64% stake in JSC Dana Bank Kazakhstan.
- Received RBI Certificate of Registration for JV India Factoring & Finance Solutions.
- Signed MoA with Principal Financial Group of Mauritius and Vijaya Bank for JV restructuring.
2011
- Acquired 33% stake in Metlife.
- Signed agreement with Weizmann Forex Ltd and BFC Forex & Financial Services Ltd.
- Launched FCNR Premium Linked Deposit Scheme and NRE Rupee Flexible Deposit Scheme.
- Partnered with Metlife for life insurance venture.
- Conducted Mega Recovery Camps for agricultural borrowers.
- Won Golden Peacock National Training Award.
- Won Most Socially Responsive Bank Award.
2012
- Reduced interest rates on housing and car loans by up to 50 basis points.
- Raised interest rates on domestic and NRE term deposits.
- Sold stake to LIC for Rs 1,590 crore.
- Won Overall Best Corporate Social Responsibility Award.
- Won SKOCH Award on Financial Inclusion.
2013
- Acquired 30% stake in Metlife India Insurance Co. Ltd.
- Launched online facility for property tax payment.
- Launched prepaid ATM debit cards 'Suvidha'.
- Won Golden Peacock Business Excellence Awards for 2011-12.
- Won Best Use of Business Intelligence award.
2014
- Declared interim dividend of Rs.10 per equity share.
- Launched festival bonanza housing loan up to Rs 2 crore at 10.25% with waivers.
- Won MSME Banking Excellence Award.
- Won Annual Social Banking Excellence Award.
- Split face value from Rs 10 to Rs 2.
2015
- Opened 121 ATMs, increasing network to 6,421.
- Signed MoU with Indian Army for defence salary package.
- Launched e-PPF through Internet Banking.
2016
- Received Golden Peacock National Training Award.
2017
- Signed agreement with Bajaj Allianz General Insurance for distribution through branches.
- Won CIMSME Banking Excellence Awards 2016 for Best MSME Bank (Large Bank).
- Won Vigilance Excellence Award 2016-17.
- Won BFSI Tech Maestro Awards 2016 in Application category.
- Won National Payments Excellence Awards 2016 for AEPS.
2018
- PNB and Carlyle Group to sell at least 51% stake in PNB Housing.
- Won Best Public Sector Bank under Pradhan Mantri Mudra Yojana.
- Won National Award for SHG-Bank Linkage for 2016-17.
2019
- Board approved in-principle amalgamation of Oriental Bank of Commerce and United Bank of India with PNB.
- Won BFSI Digital Innovation Award in Enterprise Mobility Category.
- Won Best Bank for CSR.
- Won NSDL Star Performer Awards 2018.
2022
- Won 2 Awards in IBA Banking Technology Awards.
2023
- Infused capital of Rs 498.75 crore in rights issue of PNB Housing Finance.
- Won Rajbhasha Kirti Award.
- Won Infosys Finacle Innovation Award.
- Won achievement award for Excellent Guarantee Coverage (number) for FY 2022-23.
- Won Best MSME Bank (Runner Up) for 9th MSME Excellence Awards.
