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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 .
New Bank of India (now Punjab National Bank) Later on, in the year 1993, the government merged New Bank of India with Punjab National Bank . [ 36 ] It was, at that time, the only merger between nationalised banks and resulted in the reduction of their number from 20 to 19.
Sarva UP Gramin Bank; The creation of Prathama UP Gramin Bank took place under Sub-Section (1) of Section 23A of the Regional Rural Bank Act, 1976 (21 of 1976). [2] The bank has 950 branches around 19 districts of Uttar Pradesh; it will also have one branch in Haridwar District of Uttarakhand. [3] The bank is sponsored by the Punjab National Bank.
The bank will usually send a 1099-INT form to the person listed first on the account. In many cases, the person who receives the 1099 reports the interest on their tax return, but rules may be ...
As of December 31, 2014, the bank's paid-up capital amounted to Nu 449.712 million, with ownership distributed among Punjab National Bank (51%), Bhutanese promoters (19%), and the general public (30%).
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
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