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The Bank of Punjab was founded in October 1989, pursuant to the Bank of Punjab Act 1989, by the provincial government of Punjab under the leadership of then-Chief Minister Nawaz Sharif. [2] The initiative was part of the provincial government's efforts to utilize its financial resources to support local policy objectives during the resurgence ...
In FY 2019-20 Punjab & Sind Bank recorded a Net Loss of Rs.990.80 crore. [7] Total business of the bank stood at Rs. 1,52,231.75 crore. The operating profit for the year ending 2019-20 is Rs. 1097 crores. Gross NPA is 14.18% for the year ending 2019-20 amounting to Rs 8875 crores. Net NPA is 8.03% for the year ending 2019-20 amounting to Rs ...
The proposed merger would make Punjab National Bank [20] the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches. [3] [21] The Union Cabinet approved the merger on 4 March 2020. PNB announced that its board had approved the merger ratios the next day. Shareholders of Oriental ...
On 5 November, 2019 decided to increase the prescribed withdrawal limit to ₹ 50,000. [5] The Reserve Bank of India (RBI) on 19 June 2020 doubled the withdrawal limit for Punjab and Maharashtra Cooperative Bank's depositors to Rs 100,000 from Rs 50,000 earlier. [6] Joy Thomas(aka Junaid Khan), the MD of the bank, was suspended.
On 30 August 2019, Finance Minister announced that the Oriental Bank of Commerce and United Bank of India would be merged with Punjab National Bank, making PNB the second largest PSB after SBI with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches.
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The Board is headed by a full-time Chairman whose term lasts three years and who technically reports to the Secretary of School Education in the Government of Punjab.The current Education Secretary of the board is IAS Sh Harsant Singh sekhon who is sincerely committed to shape the education system of Punjab by his pioneering Initiatives like ...