YEAR                                                  EVENTS
 1994 - The Bank was incorporated on 27th May after obtaining
 approval
              of its Memorandum and Articles of Association from RBI. 
 It
              received the Certificate of Commencement of Business on
 August,
              2, 1994.  It was promoted by Dr. Inderjit Singh.  The
 Bank
              presently has active correspondent banking relationship
 with
              foreign banks worldwide.
 
 1995 - The Bank made a Public Issue of 2,95,20,000 No. of equity
 shares
              of Rs.10/- each at par in March, which was
 oversubscribed by
              nearly twenty times. 
 
 1996 - 7,000 No. of equity shares of Rs 10 each subscribed for by
              signatories to the Memorandum of Association.  50,00,000
 No. of
              equity shares issued to promoters, their friends and
 business
              associates.  Another 50,00,000 shares issued to Bank of
 Punjab
              employees benefit trust.  949,93,000 No. of equity
 shares of Rs
              10 each issued through prospectus during March 1995 as
 follows:
              (i) On firm allotted basis: 80,00,000 shares to Indian
 Mutual
              Funds; (ii) 124,80,000 shares to NRIs/OCBs on non
 repatriation
              basis; (iii) 20,00,000 shares to UTI.  Balance
 295,20,000 No. of
              equity shares issued to the public (all were taken up).
 
 1999 - The bank has tied up with Mastercard International for      
              co-branded Cirrus ATM cards to enable customers to
 access its
              as well as MasterCard's extensive network throughout
 the
              country.  
 
           - The bank has already tied up with MasterCard for
 introducing its
              Maestro debit card early. 
 
           - The Bank recently launched consumer, auto, housing, and
 trade
              finance products.
 
           - Stock Holding Corporation of India Ltd (SHCIL) has tied
 up with
             Bank of Punjab Ltd (BoP) to offer its loan facility
 against
             dematerialised shares.
 
 2000 - Bank of Punjab has joined the Mastercard Global ATM network
 and
              become part of `Cirrus' network which is one of the
 largest ATM 
              networks.
 
           - The Bank proposes to open new branches in Chennai,
 Hyderabad,
              Mumbai, Calcutta and Bangalore during this year.
 
           - The bank of Punjab launched its Maestro Deposit Access
 (Debit card)
              program in New Delhi on Sunday.
 
           - The Bank of Punjab launched the global debit card in
 collaboration with
              Mastercard International as part of its retail focus.
 
           - Cellular service provider Airtel has tied up with the
 Bank of Punjab for providing
             mobile banking services.  The Services will be provided
 to both the customers
             of Airtel (mobile service) and Magic, the pre-paid
 cellular card of the company.
 
           - The Bank has entered into an alliance with Essar
 Cellphone, the cellular service
              provider in Delhi, to provide mobile banking services.
 
           - Bank of Punjab Ltd., in its endeavour to be one of the
 leading players in the industry
              has launched the latest offering `Swagat' with a range
 of technology features.
 
            - Bank of Punjab has tied up with National Insurance
 Company for marketing
              general insurance products and plans to rope in small
 and co-operative banks
              for sharing technology.
 
            - Bank of Punjab has tied up with AirTel, India's premier
 cellular service and leading
              SMS based information service provider, for mobile
 banking services for both AirTel
              and Magic subscribers.
 
             - Bank of Punjab has joined `Swadhan', the ATM network
 promoted by the Indian Banks
               Association.
 
            - Bank of Punjab has signed a memorandum of understanding
 with the Indian Oil 
              Corporation to install automated teller machines and
 allied services facilities at IOC's 
              select retail outlets.
 
 2001 - Bank of Punjab has launched its first exclusive club for high
 networth customers designed
              as a special package for the needs of the affluent
 market.
 
           - Bank of Punjab and Bank of Nova Scotia have entered into
 an agreement to ensure quick
              remittance from Canada to India through their respective
 branch networks.
 
            - Bank of Punjab as tied up with Himachal Pradesh State
 Co-operative Bank for expansion 
              of its business by offering the latter's customer
 services and products through automated 
              teller machines.
 
 2002
 
 -Opens a representative agent office in Missisuaga in Ontaria,
 Canada, which would help the bank to spout the business in Canada.
 
 -Opens its branch in Panchkula , Haryana with a view of its expansion
 programme.
 
 2003
 
 -Forges alliance with Indian Railway Catering and Tourism corporation
 to offer online railway ticked booking facility for its internal
 banking users.
 
 -Hindustan Motors enters into an alliance with Sundaram Finance. 
 
 2004
 
 -Bank of Punjab tied up with Euronet group for its ATM network
 CashnetTM, which increases the bank's reach to 3,100 ATMs in the
 country
 
 -Toyota Kirloskar Motor (TKM) enters into an alliance  Bank of Punjab
 Ltd (BOP) to extend retail finance assistance by way of credit
 facilities to both individuals and corporates across India