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    Punjab National Bank

    Headquartered in New Delhi, Punjab National Bank, abbreviated as PNB, is a state-owned commercial bank that commenced operations on April 12, 1985, from Lahore, Undivided India. It holds the distinction of being the first Swadeshi bank, managed by Indians and started with Indian capital. While the authorised capital was Rs 2,00,000, the working capital stood at Rs 20,000. PNB offers products in asset management, credit and debit card business, life and non-insurance business, amongst others. The bank also has overseas, international subsidiaries in Bhutan and the UK. In 1951, the bank acquired 39 branches of the Bharat bank. In its rich history, PNB has merged with/amalgamated 9 banks. Post the most recent amalgamation with Oriental Bank of Commerce and United Bank of India, which took place in 2020, PNB has expanded its presence across India. As of the end of September’ 2021, the bank has an aggregate of 36,514 delivery channels with a network of 10,528 domestic branches, 2 International branches, 13,506 ATMs More

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