1994 - The Bank was incorporated on 27th May after obtaining
of its Memorandum and Articles of Association from RBI.
received the Certificate of Commencement of Business on
2, 1994. It was promoted by Dr. Inderjit Singh. The
presently has active correspondent banking relationship
foreign banks worldwide.
1995 - The Bank made a Public Issue of 2,95,20,000 No. of equity
of Rs.10/- each at par in March, which was
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
equity shares issued to promoters, their friends and
associates. Another 50,00,000 shares issued to Bank of
employees benefit trust. 949,93,000 No. of equity
shares of Rs
10 each issued through prospectus during March 1995 as
(i) On firm allotted basis: 80,00,000 shares to Indian
Funds; (ii) 124,80,000 shares to NRIs/OCBs on non
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
as well as MasterCard's extensive network throughout
- The bank has already tied up with MasterCard for
Maestro debit card early.
- The Bank recently launched consumer, auto, housing, and
- Stock Holding Corporation of India Ltd (SHCIL) has tied
Bank of Punjab Ltd (BoP) to offer its loan facility
2000 - Bank of Punjab has joined the Mastercard Global ATM network
become part of `Cirrus' network which is one of the
- The Bank proposes to open new branches in Chennai,
Mumbai, Calcutta and Bangalore during this year.
- The bank of Punjab launched its Maestro Deposit Access
program in New Delhi on Sunday.
- The Bank of Punjab launched the global debit card in
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
- 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
- Bank of Punjab and Bank of Nova Scotia have entered into
an agreement to ensure quick
remittance from Canada to India through their respective
- 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
-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
-Forges alliance with Indian Railway Catering and Tourism corporation
to offer online railway ticked booking facility for its internal
-Hindustan Motors enters into an alliance with Sundaram Finance.
-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
-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