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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 .
After its merger with the Tan-owned Allied Bank on February 9, 2013, PNB became the fifth largest private domestic bank in the country. As of 2023, PNB was the seventh largest banks in the Philippines by assets. [5] It has 713 domestic branches and more than 1,400 ATMs.
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.
Vijaya Bank and Dena Bank were merged into Bank of Baroda in 2018. [6] IDBI Bank was categorised as a private bank with effect from January 2019 on account of LIC acquiring the shares from GoI. [7] On 30 August 2019, Minister of Finance Nirmala Sitharaman announced the government's plan for further consolidation of public sector banks. The ...
Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana.It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India was merged with Punjab National Bank, making the latter the second-largest public sector bank in India.
High-yield savings account. Variable rates of up to 5% APY. APYs surpass those of most money market accounts and are competitive with CDs. High-yield checking account. Variable rates that vary by bank
Post merger, Punjab National Bank has become the second largest public sector bank in India [9] On 30 March 2009, the Indian government approved the restructuring of United Bank of India. [10] The government proposed to invest 2.5 billion rupees in shares by 31 March and another 5.50 billion in the next fiscal year in Tier-I capital instruments.
2. Get your retirement accounts funded. It’s nearing the end of the old year and the start of the new one, and that means it’s a great time to fortify your retirement accounts and secure your ...