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Punjab National Bank (abbreviated as PNB) is an Indian government bank based in New Delhi. [5] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs .
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
Pradhan Mantri Jan-Dhan Yojana is India's National Mission for Financial Inclusion to ensure access to financial services, namely banking savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014. [2]
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). He is a Director on the Board of The New India Assurance Co. Ltd.
Under the scheme, dedicated stores known as Pradhan Mantri Bharatiya Janaushadhi Kendras( launched as Jan Aushadhi Kendras in 2008 and later renamed to PMBJK post-2016) were established to distribute generic drugs and surgical devices. These kendras offer medicines at prices 50–90% lower than those of branded equivalents, ensuring ...
In January 2013, PNB received full approval to purchase a 30% stake in MetLife India Insurance. This new private sector life insurer was re-branded as PNB MetLife India Ltd. [ 2 ] PNB MetLife now has over 150 branches across the country and serves customers at more than 7,000 locations through its bank partnerships with PNB, Jammu and Kashmir ...
The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. [3] [4] [5] The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country.
Punjab & Maharashtra Co-operative Bank Limited (PMC), was a multi-state co-operative bank that began operations in 1983. It had 137 branches spread over half a dozen states of India and nearly 100 branches were in Maharashtra.