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Permodalan Nasional Berhad (PNB) is a state-owned Malaysian investment management company. [1] One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the government's New Economic Policy. [2] [3] PNB's two notable projects are located in Kuala Lumpur.
He also served as a nominee director on behalf of Punjab National Bank on the board of PNB Housing Finance Ltd. and India SME Asset Reconstruction Company Limited. He also served as a board trustee on the governing board of IIFCL Asset Management Co (IAMCL). [1] In 2023, Karnatak was appointed MD and CEO of Bank of India. [1]
[3] [4] [5] He also currently is the chairman of Employees Provident Fund (EPF) [6] and sits on the board of directors of Permodalan Nasional Berhad (PNB), Central Bank of Malaysia (BNM), Tabung Haji and the Perbadanan Insurans Deposit Malaysia (PIDM) as an ex officio member.
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.
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 .
PNB Housing Finance Limited (PNB Housing) is an Indian housing finance company registered with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on 11 November 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in ...
Corestates Financial Corporation evolved out of the merger of PNB with Hamilton. Meanwhile, Corestates Bank of Delaware would focus on lending to the many corporations, including chemical giant DuPont , headquartered in the low-tax First State just south of the Pennsylvania border.
In 2013, he was announced as a Director of Board of PNB MetLife Insurance Company, a joint venture between Punjab National Bank and MetLife Insurance, and later in same year was also named as Chairman of board of National Payment Corporation of India. [11]