About Punjab National Bank (PNB)

Punjab National Bank (PNB) began operations on April 12, 1895 in Lahore with pure Swadeshi capital of Rs 20,000 and marks its 130th Foundation Day in 2024, reflecting a long legacy in Indian banking and a sustained role in the country’s economic growth. The Bank is constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, regulated by the Reserve Bank of India, and complies with SEBI (LODR) Regulations, 2015, aligning governance with transparency, professionalism and accountability  . PNB offers a full suite of banking products—deposits (current, savings, term, recurring) and advances (agriculture, MSME, retail, and corporate)—and also provides third-party services to a wide range of customers including individuals, MSMEs, corporates and Government entities.

The Bank’s footprint spans 10,136 branches, 12,131 ATMs and 1,158 offices in India; markets serve 28 States and 7 Union Territories (except Lakshadweep), with international branches at Dubai and GIFT City, Ahmedabad . Group presence extends overseas through international subsidiaries in the UK and Bhutan, alongside domestic subsidiaries, taking the total number of subsidiaries to 5 as on March 31, 2024.

Punjab National Bank (PNB) Milestones 

Key milestones include achieving Rs 23,00,000+ crore in Gross Business as of March 31, 2024 and registering the highest year-on-year net profit growth among public sector banks in FY 2023-24 at 228% to Rs 8,245 crore, underpinned by digital and organisational transformation initiatives . The Bank launched more than 100 digital products, processes and portals during the year—such as PNB Swagat (personal loan for new-to-bank customers), Digi Education Loan, Digital Vehicle Loan, and integrated payments and collections—supporting its push for customer-centric digital banking.

Punjab National Bank (PNB) Key Management

• K. G. Ananthakrishnan – Non-Executive Chairman
• Atul Kumar Goel – Managing Director & CEO
• Kalyan Kumar – Executive Director
• Binod Kumar – Executive Director
• M. Paramasivam – Executive Director
• Bibhu Prasad Mahapatra – Executive Director

Latest Updates on Punjab National Bank (PNB)

Digital launches: The Bank introduced 100+ digital products and portals, including PNB Swagat, Digi Education Loan, Digital Vehicle Loan, Integrated Payment & Collection Services, CMS Auto Debit Mandate, and Digital Document Execution.

Go Green initiative: PNB Palaash 2.0 was launched on the 130th Foundation Day at the Head Office, Dwarka, New Delhi .

MSME and small-ticket lending: e-Mudra (loan up to Rs 1,00,000) went live on March 4, 2023; as on March 31, 2024, accounts stood at 11,278 with sanctions of Rs 108.17 crore. PNB LenS enabled sanction of 3,47,360 MSME and Mudra applications amounting to Rs 85,225 crore from April 1, 2023 to March 31, 2024 .

Recognition: PNB received the Rajbhasha Kirti Puraskar First Prize, accepted by MD & CEO Shri Atul Kumar Goel from senior Government dignitaries .

Subsidiaries: PNB Investment Services became part of the Government of Maharashtra-promoted MAHAPREIT AIF and completed key debt syndication and resolution assignments. PNBCSL expanded to 7 territory offices and 50+ locations, serving 2.15 lakh+ customers and crossing 2 lakh credit card approvals in FY 2023-24.

International performance: The UK subsidiary reported net profit of Rs 90.42 crore (IGAAP) and Rs 52.46 crore (IFRS); the Bhutan subsidiary grew advances and deposits by 12.2% and 5.3%, respectively, and increased profit to Rs 49 crore as of March 31, 2024  .