Punjab National Bank Celebrated Its 124th Foundation Day

India’s first nationalised bank, Punjab National Bank (PNB) recently celebrated its 124th foundation day on 12th April 2018.

PNB bank on the occasion unveiled new products & services such as pre-approved credit card and UPI solution to mark its 124th foundation day.

PNB bank also announced its UPI partnership with the expense management app WALNUT that comes embedded with features such as bill reminders, bill-split, and instant paperless loans.

PNB bank’s Indore’s PNB bank division organised several social welfare programs like Blood donation camp; Health checkup camp, donation of computers books fans cooler to Central Jail; Cycle Rally and cultural events like ‘Spandan’ among others.

Background

Punjab National Bank was the first swadeshi bank of India, established on 19th May 1894 and commenced its operations on 12th April 1895 from Lahore (British India).

On 31st March 1947, the headquarter of the PNB bank was migrated to the registered office of the Bank to Delhi

The idea of a national bank of our own country (India + Pakistan) was first given by Rai Mool Raj of Arya Samaj who, as reported by Lala Lajpat Rai.

PNB was founded by Dayal Singh Majithia who also served as the first chairman of the bank.Its first Secretary to the Board was Lala Harkishan Lal.

At Present PNB CEO & Managing Director is Sunil Mehta.

Facts

PNB Tagline: The Name you can bank upon.

PNB Mission: Creating Value for all its customers, Investors and Employees for being the first choice for all stakeholders.

PNB Vision: To position PNB as the `Most Preferred Bank` for customers, the `Best Place to Work In` for employees and a `Benchmark of Excellence` for the industry.